As part of our commitment to delivering industry insights to assist you, we are delighted to provide latest installment of our plan sponsor newsletter which been posted to our website and can be accessed using this link “MVP Plan Sponsor Newsletter Q1 2023”.   This edition focuses on the comprehensive retirement plan changes contained in Secure 2.0, a closer look at the small employer retirement plan start-up tax credits and the DOL’s proposed changes to the Voluntary Fiduciary Correction Program.   

While Secure 2.0 has brought about sweeping changes to the retirement plan landscape, most provisions in the bill require additional regulatory guidance before they can be utilized effectively and compliantly.  As a reference point, the original Secure Act was passed in December 2019 and guidance is still forthcoming on some important provisions in that bill including the new rules for long-term part-time employees.  MVP continues to actively monitor and implement the guidance as it becomes available.  We will continue to inform you as new guidance is issued.   

We welcome you to our newest edition and please feel free to reach out to us, if you wish to further discuss any or all of these topics.