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TREAS/IRS | RIN: 1545-BR08 | Publication ID: Fall 2024 |
Title: Automatic Enrollment Requirements Under Section 414A | |
Abstract:
Proposed regulations implementing section 414A, as added by Pub. L. 117-328, Division T, sec.101 (section 101 of the SECURE 2.0 Act), which generally requires that both a qualified cash or deferred arrangement described in section 401(k) and an annuity contract otherwise described in section 403(b) which is purchased under a salary reduction agreement be an eligible automatic contribution arrangement that satisfies certain automatic enrollment and automatic escalation requirements for employee contributions. In addition, proposed regulations amending the regulations under section 414(w) to provide guidance with respect to eligible automatic contribution arrangements. |
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Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 26 CFR 1.414A-1 (new) 26 CFR 1.414(w)-1 | |
Legal Authority: 26 U.S.C. 414A 26 U.S.C. 7805 |
Legal Deadline:
None |
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Timetable:
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Additional Information: Drafter attorney: Christina Cerasale, (202) 317-4102 Reviewer attorney: Kara Soderstrom, (202) 317-6799 Treasury attorney: William Evans (202) 622-1332 REG-100669-24 (NPRM) CC:EEE | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Related RINs: Related to 1545-BP81 | |
Agency Contact: Christina Marie Cerasale Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW, Room 4426, Washington, DC 20224 Phone:202 317-4102 Fax:855 604-6087 Email: christina.m.cerasale@irscounsel.treas.gov |