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ICI Default BG
Memo#
35885

IRS Provides Guidance on Long-Term, Part-Time Employees in 403(b) Plans

The IRS recently released Notice 2024-73, providing guidance on the treatment of long-term part-time (LTPT) employees under 403(b) plans. The Notice also announces that the pending final regulations for 401(k) plan LTPT employees will apply no earlier than plan years beginning on or...
ICI Default BG
Memo#
35884

ICI Submits Written Statement to ERISA Advisory Council on QDIAs

ICI submitted a letter to the ERISA Advisory Council on the topic "Qualified Default Investment Alternatives—Start to Finish, Default to Payout," in connection with its October 22, 2024, meeting. The Council's focus is on the effectiveness of QDIAs in both the accumulation and...
ICI Default BG
Memo#
35860

IRS Issues Notice 2024-65, RFI on Saver's Match

On Sept. 5, 2024, the IRS and Treasury issued Notice 2024-65, Request for Comment Regarding Implementation of Saver's Match Contributions. The Notice poses 29 broad questions seeking detailed input from all interested stakeholders to inform IRS and Treasury as they work to implement...
ICI Default BG

ICI Comment Letter on the Proposed Regulations on RMDs

September 17, 2024—ICI sent a comment letter to the IRS and Treasury, responding to the notice of proposed rulemaking that would amend the regulations governing required minimum distributions from retirement plans and IRAs to reflect changes made by the SECURE 2.0 Act.