We wanted to put together some FAQs and examples for Plan Sponsors to better understand the mandatory retirements under SECURE 2.0 to better help Plan Sponsors fulfill their duties. FAQs about Long-Term Part-time (LTPT) employees: Does this apply to union or non-resident aliens? No. Do I need to count eligibility […]
Yearly Archives: 2024
With the passage of SECURE 2.0, there were near 100 updates to retirement plans. One that is quite welcome is an increase in the Involuntary Cash Out limit from $5,000 to $7,000, which was available as of December 29, 2023. This means that if a Plan Sponsor wanted to cash […]