The U.S. Department of Labor proposed a rule Thursday on automatic portability transactions affecting 401(k) plans that would allow service providers to earn compensation in connection with retirement plan rollovers set up for workers changing jobs, which Congress authorized in 2022 in the Secure 2.0 Act.
DOL Unveils Automatic Portability Reg Tied To Secure 2.0
by usoftax_admin | Jan 18, 2024 | Tax News