IRS provides breathing room for SECURE 2.0 Act catch-up contribution rule
Last year, President Joe Biden signed into law far-reaching retirement plan legislation known as the SECURE 2.0 Act that includes many new rules for employers and their qualified requirement plans. The IRS recently issued a notice delaying for two years the implementation of one of the Act’s rules—about deferrals known as catch-up contributions—and allowing retirement plan sponsors a chance to catch up on catch-up contributions.
Continue reading your article with a HRLaws membership