Jeff Chang

Sep 14, 2023 | jdsupra.com | Jeff Chang |Adam Thomas

On August 25, 2023 the Internal Revenue Service issued Notice 2023-62, which provides a critical 2-year delay in the enforcement of new retirement plan Catch-up Contributions rules passed under the Secure 2.0 Act of 2022. BackgroundParticipants in certain workplace retirement plans (also known as 401(k), 403(b), and 457 plans) have the option of making retirement contributions from employee salary, on a pre-tax basis.