A Long-Term, Part-Time Employee or Not a Long-Term, Part-Time Employee, That...
Under the SECURE Act and the SECURE 2.0 Act, employers must provide long-term, part-time employees the opportunity to make elective deferrals under their 401(k) plans and, beginning in 2025, their...
View ArticleA Long-Term, Part-Time Employee or a Former Long-Term, Part-Time Employee,...
Under the SECURE Act and SECURE 2.0 Act, employers must provide long-term, part-time employees the opportunity to make elective deferrals under their 401(k) plans and, beginning in 2025, their 403(b)...
View ArticleUnder Long-Term, Part-Time Employee Rules, Some Things Change, and Some...
Together, the SECURE Act and the SECURE 2.0 Act require employers to offer employees who work at least 500 hours within three (reduced to two beginning January 1, 2025) consecutive 12-month periods an...
View ArticleIRS Confirms Same Hours-Counting Rules Still Add Up for Long-Term, Part-Time...
Following the SECURE Act and the SECURE 2.0 Act, employers must now offer employees who work at least 500 hours within three (reduced to two beginning January 1, 2025) consecutive 12-month periods an...
View ArticleWhen It Comes to Vesting, IRS Says Once a Long-Term, Part-Time Employee,...
Under the SECURE Act and the SECURE 2.0 Act, employers must provide long-term, part-time employees – i.e., employees who complete at least 500 hours of service in three consecutive years (reduced to...
View ArticleThis Is Not a Test! IRS Confirms Long-Term, Part-Time Employees Excludible...
Under the SECURE Act and the SECURE 2.0 Act, employers must provide long-term, part-time employees the opportunity to make elective deferrals under their 401(k) plans and, beginning in 2025, their...
View ArticleNew Rules Make Tracking Long-Term, Part-Time Employee Service a Full-Time Job
Under the SECURE Act and the SECURE 2.0 Act, employers must provide so-called long-term, part-time employees – i.e., those who complete at least 500 hours of service in three consecutive years (reduced...
View ArticleA Q&A and More Delay: IRS Begins to Issue Clarifying Guidance on SECURE 2.0...
In late December 2023, the Internal Revenue Service (IRS) issued Notice 2024-2 (the Notice), providing guidance on key provisions of the SECURE 2.0 Act of 2022 (SECURE 2.0). SECURE 2.0, which was...
View ArticleWebinar Replay: New Employee Benefits Requirements for Part-Time Employees,...
If you employ part-time workers and/or engage independent contractors, sit up and take note: 2024 brings significant changes to how you must manage your workforce. The US Department of Labor’s (DOL)...
View ArticleFamily Office Tax Webinar Replay: Compensation Strategies
Taxes can have a significant impact on family offices, influencing decisions around structure, investing and overall planning strategies. McDermott’s Family Office Tax webinar series explores the...
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