Both Employers and Participants Benefit from New IRS Guidance on Correcting Inadvertent Benefit Overpayments
By EsqSocial Corporation 23/12/24
Retirement plan administration mistakes require difficult conversations with participants, especially when the mistake involves an overpayment. Changes in the law, specifically, SECURE 2.0 and IRS Notice 2024-77, give plan fiduciaries additional flexibility when addressing overpayments....
By: Dickinson Wright