Dipa Sudra

Oct 2, 2024 | jdsupra.com | Stuart Harris |Dipa Sudra

Employees increasingly request (and expect) choice in their benefits. The Internal Revenue Service (IRS) recently released Private Letter Ruling 202434006 (PLR), which approved an employer's program allowing employees to allocate an employer contribution among the 401(k) plan, retiree health reimbursement arrangement (HRA), health savings account (HSA), or educational assistance program (offering student loan repayments).

Feb 13, 2024 | lexology.com | Dipa Sudra |Lauren Nelson

The Internal Revenue Service and U.S. Department of Labor recently issued guidance on various aspects of the Consolidated Appropriations Act of 2023, commonly referred to as SECURE 2.0. Below is a summary of key provisions that plan sponsors should review. IRS Guidance in Notice 2024-2 (Notice)Automatic enrollment mandate.

Dec 15, 2023 | jdsupra.com | Stuart Harris |Dipa Sudra

401(k) and 403(b) plan sponsors should review their documents in light of proposed regulations under SECURE Act rulesNew proposed regulations clarify how employers should implement retirement plan for long-term, part-time ("LTPT") employees. While some questions remain, the proposed regulations provide a number of welcome answers, which are summarized in this advisory.

Oct 16, 2023 | jdsupra.com | Dipa Sudra