We’re excited to share the latest edition of our quarterly Plan Sponsor Newsletter, designed to keep you informed on important retirement plan developments and best practices.  This edition highlights the expansion of the Department of Labor’s Voluntary Fiduciary Compliance Program to include a self-correction mechanism when correcting late deposits of employee salary deferrals and loan payments.  We’ve also included best practices for understanding the various definitions of plan compensation and how to apply them correctly.  Finally, we conclude with an overview of the IRS’ proposed regulations for the SECURE 2.0 automatic enrollment mandate. 

 You can access the full newsletter here. It’s also available on our website.

As always, we're here to support you with any questions or assistance needed to optimize your retirement plan. If you have any questions or would like to discuss any of the topics in more detail, please don’t hesitate to reach out.