Join Haynsworth Sinkler Boyd’s Mac McLean for our next employment law webinar on April 20, from 12-1 PM EDT, where he will discuss the SECURE Act 2.0. Topics covered during this presentation will include:
- Overview of the Setting Every Community
Retirement Plans
The SECURE Act 2.0 Makes Major Changes to Retirement Plan Law
By Mac McLean on
In late December of 2022, the Consolidated Appropriations Act of 2023 (the “Act”), which was part of the larger Securing a Strong Retirement Act, became law. Approximately ninety provisions in the Act affect qualified retirement plans. The Act has been…
Continue Reading The SECURE Act 2.0 Makes Major Changes to Retirement Plan LawUpdates to IRS Correction Principles for Qualified Plans
By Mac McLean on
Posted in Employment Law, HR News
The IRS Employee Plans Compliance Resolution System (EPCRS) permits any plan sponsor of a retirement plan (including SEP and SIMPLE IRA plans) to correct plan failures. Three correction programs exist:
- Self-Correction Program (SCP) – authorizes corrections, consistent with recommended fixes
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Continue Reading Updates to IRS Correction Principles for Qualified Plans