Month: August 2023

Roth-Only 401(k) Catch-Up Contribution Timeline for Highly Paid Delayed Two Years

On August 25, 2023, the IRS published Notice 2023-62, putting an “Administrative Transition Period” of two years on the SECURE 2.0 requirement that all participants earning $145,000 or more in the prior calendar year must make all catch-up contributions as Roth.

Posted on August 29, 2023 By Kushner & Company
Categories: 
401(k), 
Administration, 
Benefits, 
Blog, 
Defined Contribution Plan
Read More

2024 Healthcare Affordability Percentage Released: Huge Employer Cost Increases Possible

The Affordable Care Act set affordability limits on group health plans. It also set significant penalties for failure to offer affordable plans. Potentially there's a huge increase coming in 2024 for employers' share of the costs.

Posted on August 29, 2023 By Kushner & Company
Categories: 
Administration, 
Benefits, 
Blog, 
ERISA-ACA Compliance, 
Health and Welfare Team, 
HR Compliance, 
Total Rewards
Read More