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Ed Frado Law Blog: Latest Updates and Industry News

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DOL Publishes Guidance Addressing Automatic Portability Transactions: 

On January 18, 2024, the DOL issued a proposed regulation addressing the following DOL concerns: One factor in the current “highly mobile labor…
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IRS Publishes Guidance Addressing Several SECURE 2.0 Provisions: 

On December 20, 2023, the IRS published Notice 2024-2 (the “Notice”) to help explain various provisions of the voluminous law known as SECURE…
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IRS Issues Guidance Regarding Long-Term, Part-Time Employees

IRS Issues Guidance Regarding Long-Term, Part-Time Employees:  As background, the so-called SECURE 1.0 Act provided that if a part-time employee who is at…
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Year-End Reminders for Defined Contribution Plans:

As the end of 2023 quickly approaches, retirement plan sponsors should promptly consider several important potential tasks. Examples include the following: December 1…
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2024 Retirement Plan Limits Announced: 

On November 1, 2023, via Notice 2023-75, the IRS announced the effect of cost-of-living adjustments on certain 2024 dollar limits for various retirement…
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Novel DOL Guidance Addresses an Investment Advisor Program that Favors Racial Diversity:

This guidance, issued on October 6, 2023 as Advisory Opinion 2023-01A, responds to Citigroup Inc.’s (“Citigroup’s”) request for the DOL’s views on Citigroup’s…
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