Jeffrey Holdvogt
Subscribe to Jeffrey Holdvogt's PostsJeffrey (Jeff) M. Holdvogt regularly counsels public and privately held companies and tax-exempt organizations on a wide range of employee benefits matters. These include the design and administration of complex pension, 401(k) and 403(b) plans, nonqualified and executive deferred compensation arrangements, fiduciary and plan investment issues under the Employee Retirement Income Security Act (ERISA), internal compliance reviews and voluntary correction filings, and benefit plan matters arising from mergers and acquisitions, as well as other ongoing day-to-day retirement and executive compensation issues. Read Jeff Holdvogt's full bio.
Government Announces 2025 Employee Benefit Plan Limits
By Jeffrey Holdvogt, Jacob Mattinson and Brian Tiemann on Nov 5, 2024
Posted In Employee Benefits, Health and Welfare Plans, Retirement Plans
The Internal Revenue Service (IRS) has announced the cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans for 2025. Most of the dollar limits that are subject to adjustment for cost-of-living increases will increase for 2025. The Social Security Administration released separate adjustment amounts. See the amounts here.
Continue Reading
Back-to-School Special: IRS Offers Insight on Implementing Qualified Student Loan Payments
By Jeffrey Holdvogt, Lisa Loesel and Teal Trujillo on Oct 15, 2024
Posted In Employee Benefits, Retirement Plans, SECURE 2.0 Act
On August 19, 2024, the Internal Revenue Service issued Notice 2024-63 (the Notice), providing guidance regarding the implementation of Section 110 of the SECURE 2.0 Act of 2022, which permits employers with a 401(k) plan or 403(b) plan to provide matching contributions to employees based on employee student loan payments. Through various questions and answers,...
Continue Reading
A Q&A and More Delay: IRS Begins to Issue Clarifying Guidance on SECURE 2.0 Provisions
By Jeffrey Holdvogt, Lisa Loesel and Teal Trujillo on Apr 4, 2024
Posted In Employee Benefits, Retirement Plans
In late December 2023, the Internal Revenue Service (IRS) issued Notice 2024-2 (the Notice), providing guidance on key provisions of the SECURE 2.0 Act of 2022 (SECURE 2.0). SECURE 2.0, which was passed in December 2022, includes more than 90 provisions affecting US retirement plans, many of which are specifically aimed at enhancing savings opportunities...
Continue Reading
IRS Announces 2024 Employee Benefit Plan Limits
By Jeffrey Holdvogt, Jacob Mattinson and Brian Tiemann on Nov 10, 2023
Posted In Employee Benefits, Health and Welfare Plans
On November 9, 2023, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain health and welfare plan benefits, including those for health flexible spending arrangements and commuter benefit plans, among other important updates. Employers, many of whom are in the midst of or have already completed open enrollment for...
Continue Reading
IRS Announces 2024 Employee Benefit Plan Limits
By Jeffrey Holdvogt, Jacob Mattinson and Brian Tiemann on Nov 1, 2023
Posted In Employee Benefits, Fiduciary and Investment Issues, Retirement Plans
Continue Reading
Opportunity Knocks: At Long Last, IRS Determination Letter Program Is Open for 403(b) Plans
By Todd Solomon and Jeffrey Holdvogt on Nov 1, 2023
Posted In Employee Benefits, Retirement Plans
The Internal Revenue Service (IRS) recently opened a new determination letter approval program for 403(b) retirement plans—commonly used by nonprofit organizations—which allows sponsors of certain individually designed plans to apply for a favorable determination letter. Long available to 401(k) retirement plan sponsors, determination letters can provide sponsors with advance assurance from the IRS that plans...
Continue Reading
Employer Student Loan Debt Benefits Following SECURE 2.0
By Jeffrey Holdvogt, Brian Tiemann and Teal Trujillo on Oct 11, 2023
Posted In Employee Benefits, Retirement Plans, SECURE 2.0 Act
In December 2022, Congress enacted groundbreaking legislation as part of the SECURE 2.0 Act codifying an opportunity for employers to provide matching contributions within a tax-qualified retirement plan based on their employees’ qualified student loan payments outside the plan. This On the Subject discusses the SECURE 2.0 student loan benefit and other employer options for...
Continue Reading
Webinar Replay: SECURE 2.0 and the Impacts of Employer Matching for Student Loan Payments
By Jeffrey Holdvogt and Teal Trujillo on Sep 20, 2023
Posted In Employee Benefits, Retirement Plans, SECURE 2.0 Act
Student loan debt is set once again to impact millions of American workers. Fortunately, starting next year, employers will have new ways to help employees navigate student loan debt. Provisions of the SECURE 2.0 Act will allow employers to provide employer-matching contributions based on their employees’ qualified student loan repayments outside the plan. In this...
Continue Reading
SECURE 2.0: The Impacts of Employer Matching for Student Loan Payments
By Jeffrey Holdvogt and Teal Trujillo on Sep 6, 2023
Posted In Employee Benefits, Retirement Plans, SECURE 2.0 Act
Following the US Supreme Court’s rejection of substantial portions of the Biden administration’s plans for student loan debt relief, and with the end of the student loan repayment moratorium in sight, student loan debt is set once again to impact millions of American workers. Fortunately, starting next year, employers will have new ways to help...
Continue Reading
Forfeitures: Changing the Rules of the Game for Retirement Plans
By Diane Morgenthaler, Dan O’Neil and Jeffrey Holdvogt on Aug 22, 2023
Posted In Employee Benefits, Retirement Plans
The US Department of the Treasury and the Internal Revenue Service recently issued proposed regulations on the use of forfeitures by tax-qualified retirement plans. The proposed changes provide welcome clarity for plan sponsors but may require revisions to plan administration and legal plan documents. Read more here.
Continue Reading
