Lexology December 10, 2024
For calendar-year plans, the 2025 plan year is right around the corner. And even for non-calendar-year plans, January 1, 2025, is a key implementation date for certain plan features. This is the ideal time for plan sponsors to review plan documents and policies, consider plan design changes, and ensure that plan operations comply with evolving legislative and regulatory requirements. While this checklist only scratches the surface of what is required, it highlights some of the primary changes affecting retirement and health and welfare plans.
In Depth
RETIREMENT PLANS
For 2024, there are no required amendments to be adopted by year end (unless the plan sponsor implemented discretionary changes that require amendment by year end). However, the SECURE 2.0 Act of...
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