What Sequoia 401(k) Clients Need to Know: The Top 5 Takeaways from SECURE Act 2.0
SECURE Act 2.0 continues to dominate 401(k) plan conversations as employers wait on administrative guidance from both the Internal Revenue Service (...
401(k) plan
Student Loan Legislation: What Employers Need to Know
Student loan legislation continues to evolve, impacting both employers and employees with student loan debt. In this blog, we address ...
DOL Proposes Changes to its Voluntary Fiduciary Correction Program for 401(k) Plans
On November 21, 2022, the Department of Labor (“DOL”) released proposed changes to its Voluntary Fiduciary Correction Program (“VFCP”), which is a ...
SECURE Act 2.0 of 2022: A Round-Up of New Retirement Plan Provisions
On December 29, 2022, President Joe Biden signed the $1.65 trillion omnibus spending bill, officially called the Consolidated Appropriations Act of 2023,1 into law.
The Inflation Reduction Act’s Impact on 401(k) Plans
On August 16, 2022, President Joe Biden signed the Inflation Reduction Act of 20221 (the “Act”) into law. After passing the House of ...
IRS Clarification Issued for 401k Plan’s Required Minimum Distribution Rules
On October 7, 2022, the Internal Revenue Service (IRS) published Notice 2022-53, to clear up confusion on some of the required minimum ...
The IRS Announces New 401k Plan Limits for 2023
On October 21, 2022, the Internal Revenue Service (IRS) announced the new 401k plan limits for 2023 in Notice 2022-55,1 showing a significant ...