IRS Issues Proposed Rules on Long-Term, Part-Time Employees | Practical Law
The Internal Revenue Service (IRS) has issued proposed regulations that would amend the rules governing 401(k) plan participation by long-term, part-time (LTPT) employees to reflect changes made by the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) and SECURE 2.0 Act of 2022. Comments on the proposed regulations are due January 26, 2024.