The “long term part-time employee” (“LTPT(s)”) rules.  As we approach the conclusion of two full calendar years during which some version of the LTPT rules have been effective, reciting the term LTPT should no longer generate surprise or confusion.  Instead, all retirement plan sponsors and service providers should now be fully aware of these rules…

Earlier this year, the Internal Revenue Service (“IRS”) released proposed guidance addressing the automatic enrollment requirements introduced under SECURE 2.0 (“IRS Guidance”).  Essentially, SECURE 2.0 required that, with limited exception, all new 401(k) and 403(b) plans established on or after December 29, 2022 (“Effective Date”) must include an automatic enrollment feature (“Mandatory Auto Enroll”).  Mandatory…