Updated: A summary of key provisions and how to prioritize implementation.
Updated: Summary and effective dates of key provisions applicable to workplace plans.
Internal Revenue Service Notice 2024-2 provides guidance on the implementation of several SECURE 2.0 provisions, but it is not intended to be comprehensive. The IRS has invited comments and suggestions regarding the matters discussed in the notice.
The IRS has proposed rules covering the eligibility and vesting requirements for long-term part-time (LTPT) employees included in the SECURE and SECURE 2.0 acts. The proposed regulations clarify that LTPT employees are only those who become eligible “solely” by meeting the LTPT employee eligibility requirements.
Learn how your T. Rowe Price compliance team will provide essential information on legislative and regulatory developments, plus support to address your specific concerns.
This valuable resource provides tools and materials that can help you navigate the ever-changing fiduciary challenges you face.
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