30 Jan 2024
Yours, Mine, or Ours? When Retirement Plans Split Up
Plan mergers and spin-offs are common prequels or sequels to corporate transactions. The mechanics of combining plans, splitting them, or transferring assets and liabilities between plans are wrought with complications. How to handle plan loans? Is the investment line-up changing? What about the treatment of employer securities? Will a blackout notice be required? Learn more about what you know and may not already know.
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Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Employee Benefits & Executive Compensation Key Legal Developments Tracker
Stay informed on new developments.- Retirement Plans. IRS issues guidance regarding Pension-Linked Emergency Savings Accounts (PLESAs) provided under Section 127 of the SECURE 2.0 Act which accounts may be permitted in a 401(k) plan for plan years beginning after December 31, 2023. Notice 2024-22.
- Retirement Plans. IRS releases a list of changes to the requirements for pre-approved plan providers applying for opinion letters for the fourth remedial amendment cycle. Notice 2024-3.
- Retirement Plans. IRS releases guidance on certain provisions of the SECURE 2.0 Act. Notice 2024-02.
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