Insights

Plan sponsors should review the cost-of-living adjustments (COLAs) to determine what changes need to be communicated to employees.

This summer 2024 edition of Employee Benefit Plans Alert focuses on the following topics: Stock Repurchase Excise Tax, Form 5500 Changes for 2023 Plan Year Reporting and Guidance on New Exceptions to the 10% Additional Tax under Section 72(t).

Read insights from PKF O’Connor Davies on Employee Benefit Plan alerts for June 2024.

Read insights from PKF O’Connor Davies on Employee Benefit Plan alerts for January 2024.

Read insights from PKF O’Connor Davies on Employee Benefit Plan alerts for Winter 2023.

Plan sponsors should review the cost-of-living adjustments (COLAs) to determine what changes need to be communicated to employees.

The SECURE Act 2.0, signed by President Biden late last year, increased incentives to encourage small business owners to establish retirement plans, making changes to the start-up credit and adding the contribution credit.

The IRS released a proposed rule on the use and timing of forfeitures in retirement plans.

Employers with 50 or more full-time employees (including full-time equivalent employees) in the previous year will be required to file the IRS Forms 1094-C and 1095-C (the Forms) for the 2022 calendar year.

The long-awaited legislation intended to improve retirement plan savings opportunities for American workers was signed into law on December 29, 2022, as part of the Consolidated Appropriations Act of 2023.