Groom principal and employers and sponsors practice co-chair David Levine was featured in Pensions & Investments article, “Trade groups seek fix of SECURE 2.0 401(k) catch-up glitch,” to discuss a technical error in SECURE 2.0 that impacts catch-up contributions.
The glitch prevents participants in 401(k), 403(b), and 457(b) plans from making catch-up contributions starting in 2024.
Pensions & Investments reported that Levine said, “It was difficult to predict how long it may take Congress to make the needed technical correction given the debt ceiling and other issues facing lawmakers.”
“At this moment, I wouldn’t bank on seeing a technical corrections bill in the short term,” Levine said.
To read the full article, click here.
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