Today, the Internal Revenue Service (IRS) issued Notice 2023-62 announcing a 2-year administrative transition period (delay) that extends until 2026 with respect to the new SECURE 2.0 requirement that any age based catch-up contributions made by participants earning over $145,000 must be designated as after-tax Roth contributions.
On July 14, 2023, the IRS released Notice 2023-54 (the “Notice”) to provide relief with respect to certain provisions of the RMD rules of Code section 401(a)(9) that Congress changed as part of the SECURE Act and the SECURE 2.0 Act.
YMCA of the USA (Y-USA), the national resource office for the 2,600+ YMCAs across the country, is pleased to announce the launch of a $1.9 million multiyear national partnership with MissionSquare Foundation.
A bipartisan coalition of congressional leaders say they intend to introduce new legislation clarifying several SECURE 2.0 provisions in a letter directed to the U.S. Department of the Treasury and the IRS.
The Board of Directors has appointed Chair Deanna J. Santana as Acting Chief Executive Officer and President following the departure of Lynne Ford, while the Board conducts a search for a new permanent CEO. Current board member Bob Jones will succeed Santana as Board Chair during this period.
Throughout April, MissionSquare Retirement will provide webinars, tools, and support to retirement plan employers and participants to help bolster their financial education and confidence.
As part of our ongoing efforts to help plan sponsors comply with the many provisions of the SECURE 2.0 Act, MissionSquare has been urging lawmakers to delay by at least two years a new requirement related to age-based “catch-up” retirement contributions.
New First-of-a-Kind Benchmark Research from MissionSquare Research Institute Examines the Financial Wellbeing, Benefits, and Savings of Public Employees
Lower Cost Investment Options, Removal of Administrative Barriers and Saver’s Match Will Strengthen Public Service Employees’ Ability to Prepare for Retirement
The SECURE 2.0 Act of 2022 includes approximately 100 provisions designed to boost participation in workplace retirement plans and reduce the cost and administrative burdens of sponsoring them.
A new report from MissionSquare Research Institute presents the results of focus groups with local government staff responsible for workforce Diversity, Equity, and Inclusion (DEI) programs.