SECURE Act 2.0 Provisions Coming in 2024 and Beyond – What Plan Sponsors Can Do Now
Anders CPA
MAY 25, 2023
Emergency Savings Accounts Plan sponsors have been granted permission to add an emergency savings account to their retirement plan, which must be designated as an after-tax account. The withdrawn amount can be repaid over three years and the income taxes on the repaid amount would be refunded upon repayment.
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