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Long-Term Part-Time Employee Eligibility Rules Now in Effect – Are You Ready? | Troutman Pepper

The Setting Every Community Up for Retirement Enhancement Act (SECURE 1.0) requires plans to permit employees who work at least 500 hours but less than 1,000 hours in three consecutive.

Actual hours of serviceSee department of labor regulationDo special vesting service rulesDepartment of laborRetirement enhancement actStrong retirement actInternal revenue codeMany groupsEmployees not coveredPlan hasMore generous eligibilityComputation periods applyPlan counts hours using elapsedUnder departmentPlan excludes certain groupsNot based

New PEP Made Available by Ascensus, American Funds

The pooled employer plan is live from one of the country’s biggest PEP administrators alongside a leading TDF provider.

United statesJason craneSetting every community up for retirement enhancementFidelity investmentsPrincipal financial groupVanguard groupMorningstar investment managementBlackrock incCapital groupAmerican fundsAmerican funds pooled employer planAmerican funds target date plusRetirement enhancement actPennsylvania based ascensusLos angeles basedTarget date plus

IRS pushes back on amendment deadlines | Ary Rosenbaum - The Rosenbaum Law Firm P C

The IRS announced that the amendment deadline for most qualified retirement plans, including 401(k) plans, for several recent pieces of federal legislation generally has been extended.

Rosenbaum law firmSetting every community up for retirement enhancementAry rosenbaumRetirement enhancement actCoronavirus aidEconomic security actTaxpayer certaintyDisaster tax relief actRelief act

Stakeholders Ask for Enforcement Delay on Part-Time Eligibility Rules

SECURE 2.0 requires part-timers to be made eligible for elective contributions after two years of service.

United statesMatt petersonSetting every community up for retirement enhancementIndustry committeeAmerican retirement associationNational association of government defined contribution administratorsUs chamberRetirement enhancement actNational associationGovernment defined contribution administratorsEmployee plans compliance resolution system

Doublecheck your TSP beneficiary designations

The federal government’s 401(k)-style retirement plan changed some rules around contingent beneficiaries in 2022.

Patty ragleWalt wilsonRalph waldo emersonGroup life insuranceAffairs kim weaverSetting every community up for retirement enhancementThrift savings planFederal employees group life insuranceMark keenNational activeRetired federal employees associationExternal affairs kim weaverRequired minimum distributionMinimum distributionRetirement enhancement actBeneficiary participant account

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