Lisa D. Edwards
PCORI Fees Due July 31
July 15, 2024
The IRS released the Affordable Care Act's (ACA) Patient-Centered Outcomes Research Institute (PCORI) fee for plan years that end on or after October 1, 2023, and before October 1, 2024 (see IRS Notice 2023-70).
Round 2: 90-Day IRS Pre-Examination Compliance Pilot - Retirement Plans
February 16, 2024
The IRS Employee Plans Division has officially started the second phase of the Pre-Examination Retirement Plan Compliance Program pilot.
IRS Announces Transition Period for Mandatory Roth Catch Up Contributions
September 5, 2023
On August 25, 2023, the IRS announced in Notice 2023-62 that higher-income participants in 401(k) and similar retirement plans have been given a two-year delay on the new requirement that they must designate their catch-up contributions to those plans as after-tax Roth contributions.