On March 14, the American Retirement Association submitted a letter to the Internal Revenue Service supporting the issuance of guidance on catch-up contributions. Specifically, the ARA supports guidance that would permit an employer that is part of a controlled group or affiliated service group to aggregate compensation across multiple entities for purposes of determining whether...
On July 19, 2023, the American Retirement Association and 49 other organizations wrote to the Internal Revenue Service and the Treasury Department to ask them to grant transition relief for two years from the Roth catch-up contribution requirements under Section 603 of the SECURE 2.0 Act. (more…)
On June 29, 2023, the American Retirement Association, along with over 200 other stakeholder organizations, wrote to Reps. Jason Smith (R-MO, 8th) and Richard Neal (D-MA, 1st), Chair and Ranking Member of the House Ways and Means Committee, and Senators Ron Wyden (D-OR) and Mike Crapo (R-ID), Chair and Ranking Member of the Senate Finance...
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