Archive for September 2023
Breaking News: IRS Grants Two-Year Delay in Roth Catch-Up Requirements
Section 603 of the SECURE 2.0 Act added a new requirement that high-income individuals must make their catch-up contributions on a Roth basis for high-income individuals, citing “high-income” as employees with wages exceeding $145,000 paid in the prior calendar year by the employer sponsoring the plan. Mandatory Roth treatment of catch-up contributions for high income…
Read MoreGet to Know Clinton Adkison, SMA Services 401(k) Administrator
Clinton Adkison just recently celebrated his 1-year anniversary with SMA Services. He has been in Third Party Administration for a few years, and prior to that he was an educator. Clinton hails from the state of Florida and is a proud alumnus of Florida State University. He is a true asset here at SMA Services;…
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