The IRS has announced a two-year administrative transition period for catch-up contributions to a qualified retirement plan (including a Section 401(k) plan) by highly compensated employees, permitting them to continue to be made on a pre-tax basis for taxable years beginning before January 1, 2026.
Budget Act includes major retirement account provisions
Here are some highlights of the retirement account provisions of SECURE 2.0 Act of 2022.