Plan administrators may customize these safe harbor explanations as appropriate The Department of the Treasury and the ...

The IRS issued guidance revising its explanation of safe harbor notice requirements for plan administrators when savers move funds out of an employer-sponsored plan.

The IRS on Jan. 15 issued updated two safe harbor explanations plan administrators may use when they provide written explanations to retirement plan participants about eligible rollover distributions.

The US Department of Treasury and the IRS on May 16 released Notice 2024-41, which provides a new elective safe harbor that taxpayers may use to qualify for the domestic content bonus credit amount ...

Employers setting up new safe harbor plans need to notify their employees by September 1 and have the new plans running by October 1. The 401(k) market consisted of more than 87 million active ...

Editor’s Note: Under the law prior to January 1, 2020, a safe harbor 401(k) plan was required to provide an annual participant notice prior to each plan year alerting participants to their plan rights ...

The Pension Protection Act of 2006 created a new safe harbor plan under Section 401(k) called a “qualified automatic contribution arrangement,” available for plan years beginning after 2007. 1 An ...

Background on the Domestic Content Requirements The new elective safe harbor Calculating domestic cost percentages for listed projects Electing the new safe harbor Takeaways from the safe harbor—Who ...