The IRS emphasizes that payouts for these claims will continue during the moratorium period but at a slower pace.
With SECURE 2.0 signed into law, featuring new auto-enrollment requirements, retirement advisors can help prepare payroll systems for the new regulations, otherwise employers will face the possibility of fines.
"When it comes to reviewing global benefits benchmarks and requirements, global HR teams should be conducting research at least one per year to ensure polices are still compliant and updated," says Katherine Loranger.
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