A small issue bond is one type of conduit bond, referred to as a private activity bond, which provides a loan to a nongovernmental third-party borrower for use in developing projects that benefit the public...
Title insurance and surveys are critical for safeguarding the interests of buyers, lenders, and property owners by mitigating legal risks and addressing boundary-related issues. Read this practice note...
In the high-stakes arena of M&A transactions, public announcements clauses serve as essential gatekeepers for information flow, ensuring coordinated messaging while maintaining regulatory compliance...
This practice note discusses FDA clinical hold orders issued to IND sponsors and covers grounds for issuing a clinical hold order, how the FDA issues an order, and how a sponsor should respond to a clinical...
Explore with renowned workers’ compensation jurist Robert G. Rassp how artificial intelligence (AI) fits in the context of medicine and law and whether a legitimate role, if any, exists for the use...
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The SECURE 2.0 Act of 2022 (Division T of Pub. L. No. 117-328), or SECURE 2.0, includes provisions that take effect in 2024 and 2025. For example, 401(k) and 403(b) plans have been permitted to include salary deferral catch-up contributions for more than 20 years, giving participants, age 50 or older, a chance to boost their retirement savings. For 2023, the catch-up contribution limit is $7,500 (indexed). While, based on plan design, participants have been able to choose the form of catch-up—pre-tax, Roth, or a mix of the two—effective January 1, 2024, SECURE 2.0 required catch-up contributions to be made on a Roth basis, for participants with wages greater than $145,000 in the previous year. IRS just provided a two-year pause on that requirement. IRS Notice 2023-62. Another Roth change starts in 2025, providing a new catch-up limit for employees who are ages 60 to 63 (permitting contributions equal to the greater of $10,000 or 150% of the regular catch-up limit). Plan ahead—but now at an easier pace!
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