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Upcoming SECURE 2.0 Amendment Deadline: Has Your Plan Been Amended? 29 Jun 2026
The SECURE 2.0 Act of 2022 (SECURE 2.0) introduced many required and optional changes affecting defined contribution plans, including 401(k) plans, 403(b) plans, and employee stock ownership plans. Some of these changes have been in effect and in operation for years, but most…
What Is Form 5500 28 Apr 2026
Form 5500 is a filing requirement for employee benefit plans, including defined contribution plans (such as 401(K) plans), under ERISA and Internal Revenue Code (IRC). It provides the U.S. Department of Labor (DOL) and IRS with important information about the operation,…
Roth Catch-Up Contributions: Final Regulations and 415(c) Interactions 24 Feb 2026
As of Jan. 1, 2026, SECURE 2.0 introduced significant changes to Roth catch‑up contributions. Here’s a look at what that means. As of Jan. 1, 2026, SECURE 2.0 introduced significant changes to Roth catch‑up contributions. While the Roth catch‑up mandate may initially look like a…
SECURE Act 2.0: 2025 Changes for Small Business 401(k) Plans 28 Jul 2025
The SECURE 2.0 Act of 2022 (SECURE 2.0) introduced major changes to 401(k) plans, especially for small businesses. Three major changes take effect for plan years beginning after December 31, 2024 (January 1, 2025 for a calendar-based plan). They relate to automatic enrollment,…
New SECURE 2.0 Super 401(k) Catch-Up Contribution for Ages 60-63 20 May 2025
The SECURE 2.0 Act continues to reshape retirement savings in 2025, offering new opportunities for many to strengthen their financial future. Key updates include a higher required minimum distribution (RMD) age and expanded eligibility for 401(k) plans, making it easier for…
ABC: Nonunion Construction Workforce Tops 80% in 41 States 20 Mar 2025
WASHINGTON, March 12—Associated Builders and Contractors today released an analysis of 2024 state union membership data published by unionstats.com, which found that in 41 states at least 80% of workers in the private construction industry did not belong to a union. At least 90%…
401(k) limit increases to $23,500 for 2025, IRA limit remains $7,000 16 Dec 2024
WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024. The IRS today also issued technical guidance regarding all cost‑of‑living adjustments affecting…
Federal Judge Blocks Portions of Department of Labor Rulemaking on Davis-Bacon Act 30 Aug 2024
On Monday, June 24, 2024, a federal judge for the US District Court for the Northern District of Texas (the Court) instituted a nationwide injunction on the enforcement of portions of the US Department of Labor’s (DOL) 2023 rulemaking titled “Updating the Davis-Bacon and Related…
SECURE 2.0 Act Summary: New Retirement Plan Rules to Know 17 Jul 2024
The SECURE 2.0 Act is a recently enacted significant piece of legislation that has brought about substantial changes to the retirement account rules in the United States. These changes affect retirement savings plans such as 401(k), 403(b), IRA, Roth accounts, and related tax…
ABC Files Lawsuit Against President Biden’s Anti-Competitive Project Labor Agreement Rule for Federal Construction Projects 19 Apr 2024
WASHINGTON, March 28—Associated Builders and Contractors and its Florida First Coast chapter filed suit today in federal court to stop the Biden administration’s unlawful scheme to mandate project labor agreements on construction contracts procured by federal agencies. ABC’s…