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The status of the speakership has been declining for years. McCarthy's ouster is an extreme example in a sequence of events that have made the speaker more vulnerable — and thus weaker.
The intent was simply to require catch-up on a Roth basis for high-wage earners, i.e., those making more than $145,000 from their employer in the prior year, and to permit other participants to make catch-up contributions on either a pre-tax or Roth basis.
Obstacles to operationalizing the change are no less complicated for employers who use spillover-style catch-up contribution elections.
In this series of articles, we explore the implications of SECURE 2.0’s changes to catch-up contributions and how employers should respond. The SECURE 2.0 Act requires...
In this series of articles, we explore the implications of SECURE 2.0’s changes to catch-up contributions and how employers should respond. The SECURE 2.0 Act indicates...