Compliance, Financial Implications
13 Jan 2025
irs regulations, financial compliance, roth contributions, income taxes, catch-up contributions, reporting and recordkeeping requirements, retirement plans
📈IRS Proposed Regulations on Roth Catch-Up Contributions for 2025
This document sets forth proposed regulations that would provide guidance for retirement plans that permit participants who have attained age 50 to make additional elective deferrals that are catch-up contributions. The proposed regulations reflect statutory changes made by the SECURE 2.0 Act of 2022, including the requirement that catch-up contributions made by certain catch-up eligible participants must be designated Roth contributions. The proposed regulations would affect participants in, beneficiaries of, employers maintaining, and administrators of certain retirement plans. This document also provides notice of a public hearing.
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Compliance, Financial Regulation
10 Jan 2025
financial compliance, options trading, securities regulation, market data fees, miac pearl