Blue Ridge ESOP Associates Industry News

IRS Extends Deadline for most SECURE/CARES Act Amendments

Posted by Blue Ridge ESOP Associates

Oct 28, 2022 1:29:58 PM

(Section415)*Prior to recent IRS announcements, Plan Sponsors were facing the task of amending their ESOP and 401(k) documents before the end of the 2022 plan year for certain mandatory changes and/or optional changes enacted as part of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE) and the Coronavirus Aid Relief and Economic Security Act of 2020 (CARES) – together the “Acts”. IRS Notices 2022-33 and 2022-45 announced an extension to amend until December 31, 2025.

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Topics: ESOP & 401(k) Plans, Plan Document, CARES Act

IRS/DOL Corner

Posted by Scott J. Freund, QPA, QKC

Jul 20, 2022 9:30:00 AM

REMINDER - SECURE/CARES Act Amendments

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Topics: IRS, DOL, Plan Document, CARES Act

SECURE ACT & CARES ACT Updates

Posted by Renee M. Stadtmueller, CPA, QPA

Mar 31, 2022 9:58:00 AM

The deadline to amend your retirement plans for the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) and the Coronavirus Aid, Relief, and Economic Act (CARES Act) is the last day of the first plan year beginning on or after January 1, 2022 (December 31, 2022 for calendar year plans). Highlighted below are a few key changes that may need to be included in your amendment:

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Topics: RMD, CARES Act, Participant Loans