退休计划实用法律资源

A sampling of Thomson Reuters Practical Law resources for in-house counsel. Our job is to make you better at yours confidence. Designed for in-house counsel, Thomson Reuters® Practical Law Connect providesexpert-written and maintained how-to guides, templates, checklist, comparison charts, andmore, plus relevant Westlaw® content, organized by common in-house matters. Practical Law Sectors coverage: following practice areas: •Construction•Financial Services•Food & Beverage•Health Care•Media & Entertainment•Oil & Gas •Bankruptcy•Capital Markets and Corporate Governance•Commercial Transactions•Corporate and M&A•Data Privacy and Cybersecurity•Employee Benefits and ExecutiveCompensation•Government Practice: Federal•Government Practice: State and Local•Health Care Key resources of attorney editors and are constantly updated to reflect the latest law andmarket practice. “…when I engage outside counsel is almostthe most valuable time for me withPractical Law, because, at a thousanddollars an hour, I don't want to have to get atutorial on things I can read about myself. Ineed their experience and judgment to help Contents Checklist:SECURE 2.0 Act Compliance Chart....................................................................................................9Other resources available on Retirement Plans............................................................................................28 Starter 401(k) Plans Under SECURE 2.0 Act Practical Law Employee Benefits & Executive Compensation lead to related resources on Practical Law and to authoritative sources. Contents under SECURE 2.0. It discusses the eligibility requirements,steps to starting and maintaining a plan, contribution limits,treatment of distributions, tax treatment, and key features.This Note identifies the advantages and disadvantages of thestarter 401(k) plan and considerations for a small employer. •Eligibility Requirements for a Starter 401(k) Plan- Employers Eligible for a Starter 401(k) Plan•Setting up a Starter 401(k) Plan•Contributions to a Starter 401(k) Plan- Employer Contributions to a Starter 401(k) Plan- Employee Contributions to a Starter 401(k) Plan- Nondiscrimination Requirements for aStarter 401(k) Plan- Contribution Deadline for a Starter 401(k) Plan- Vesting for a Starter 401(k) Plan- Limitations on Benefits and Contributions underCode Section 415 for a Starter 401(k) Plan- Top-Heavy Requirements for a Starter 401(k) Plan advantages, including aiding employee retention and allowingemployers to remain competitive in the marketplace. Smallbusiness owners often do not have the resources of largercorporations but may still want to offer their employees the SECURE 2.0, effective for plan years beginning afterDecember 31, 2023, for employers that do not sponsor a workplace retirement plan. (26 U.S.C. § 4 01(k)(16)) (see Legal Update, SECURE 2.0 Act Makes Comprehensive Changes toRetirement Plans). A starter 401(k) plan:•Provides for contributions only from the employer. •Is a cross between a 401(k) plan and anindividualretirement account(IRA).•Eliminates some of the obstacles that small employers haveto starting a 401(k) plan. •Maintaining a Starter 401(k) Plan - Distributions from a Starter 401(k) Plan- Loans for a Starter 401(k) Plan- Required Minimum Distributions for aStarter 401(k) Plan- Tax Treatment of a Starter 401(k) Plan covered by this Note may also be available to them, such as: reduction simplified employee pensions(SARSEPs)(see Practice Note, Simplified Employee Pensions (SEPs)and Salary Reduction Simplified Employee Pensions(SARSEPs)). Starter 401(k) Plan Trustee). The trust must have at least one trustee to handlecontributions, distributions, and investments.•Establish a recordkeeping system.The recordkeeping Practice Note, Payroll Deduction Individual RetirementAccounts (Payroll Deduction IRAs)). system should track contributions, earnings, losses,investments, plan expenses, and distributions. retirement accounts(SIMPLE IRA) plans (seePracticeNote, Savings Incentive Match Plan for Employees IndividualRetirement Accounts (SIMPLE IRAs)). owner should receive a copy of the SPD.(SeePractice Note, Requirements for Qualified Retirement plans (seePractice Note, Savings Incentive Match Planfor Employees 401(k) Plans (SIMPLE 401(k)) Plans), 401(k) plans generally, profit sharing plans, andemployee stockownership plans(seePractice Note, Employee StockOwnership Plans (ESOPs)). Plans: Basic Qualification Requirements.)Contributions to a Starter 401(k) Plan •Defined benefit plans, includingcash balance plans. Employees may only contribute elective deferral contributions.Employer Contributions to a Starter seeRetirement Plans for Small Employers Comparison Chart. 401(k) Plan There are no employer contributions to starter 401(k) plans. Starter 401(k) Plan 401(k) Plan other than those that do not meet minimum age and servicerequirements. Employees covered by a collective bargainingagreemen