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IRS Announces Delay of Implementation of SECURE 2.0 Act’s Roth Catch-up Contribution Provision for Two Years

Benefits Notes

Appropriately identifying those workers limited to Roth catch-up contributions would typically require the sharing of data between retirement plan recordkeepers and the plan sponsor’s payroll provider. The transition relief provides, among other things, that: As anticipated, SECURE 2.0

401(k) 52
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AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONS

Benefits Notes

While employers (for self-insured plans and multi-employer plans) or insurance carriers (for fully insured plans) are responsible for the COBRA subsidy, the paying entity is entitled to take a federal tax credit against payroll taxes. ” Payroll Tax Credits. Voluntary Paid Leave Tax Credits. Employee Retention Credit.