Treasury and IRS issue guidance on long-term, part-time employees in 403(b) retirement plans and announce delayed applicability date for related final 401(k) regulation

The Department of the Treasury and the Internal Revenue Service today issued guidance addressing long-term, part-time employees in 403(b) retirement plans under the SECURE 2.0 Act, which applies to 403(b) plans beginning in 2025. These plans are similar to 401(k) plans but are generally for employees of charities and public schools.

Read the full article here:
https://www.irs.gov/newsroom/treasury-and-irs-issue-guidance-on-long-term-part-time-employees-in-403b-retirement-plans-and-announce-delayed-applicability-date-for-related-final-401k-regulation

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