OUR NEWS PAGE keeps you informed

Welcome to Fiduciary Insights, our news page that keeps you in touch with issues, trends, events and insights of significance to individuals connected with the retirement plan industry. We have carefully selected these articles from a variety of high-quality sources.

  • On November 1, 2024, the Internal Revenue Service announced that the amount individuals can contribute to their 401k plans in 2025 has increased to $23,500, up from $23,000 for 2024.

    The IRS also issued technical guidance regarding all cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2025 in Notice 2024-80. Read the article to explore highlights of changes for 2025.

    READ MORE AT 401KHELPCENTER.COM

  • The IRS will not allow retirement plan sponsors to mandate that all participants make catch-up contributions on a Roth basis for easier plan administration.

    According to Kelsey Mayo of the American Retirement Association, individuals earning $145,000 or less must still have the option for traditional catch-up contributions. This aligns with the SECURE 2.0 Act, which requires those earning over $145,000 to make catch-up contributions on a Roth basis to generate additional revenue by reducing pre-tax contributions.

    Previously, catch-up contributions could be made on either a pre-tax or Roth basis, depending on the plan sponsor's terms.

    READ MORE AT NAPA-NET.ORG

  • As the IRS has announced 401(k) contribution limits for 2025 and several provisions from the SECURE 2.0 Act of 2022 will soon go into effect, it is important that plan sponsors are prepared for the new year.

    READ MORE AT PLANSPONSOR.COM

  • The U.S. financial services industry is bracing for potential changes under a Donald Trump-led administration. This could impact various aspects of employer sponsored retirement plans.

    READ MORE AT PLANADVISER.COM

Please consult a financial, tax or legal professional for further information related to any of these articles.

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