Last month, the Treasury Department and the IRS issued joint final regulations, answering many looming questions after the proposed regulations were issued.

Plan sponsors should continuously evaluate whether their programs align with organizational goals, participant needs, and fiduciary responsibilities.

The IRS must provide a safe harbor permitting all plan administrators to rely on wage information on W-2s when determining whether employees have exceeded the catch-up wage threshold of $145,000, recommends the American Institute of CPAs.

The SPARK Institute submitted several recommendations regarding Saver’s Match and proper use of forfeited plan funds to be part of the upcoming 2025-2026 Priority Guidance Plan, in a letter sent to the Treasury and the IRS.