Jeffrey Holdvogt

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Jeffrey (Jeff) M. Holdvogt advises clients regarding a wide range of employee benefits matters. He focuses primarily on the design and administration of complex pension, defined contribution and executive deferred compensation arrangements. Jeff counsels privately and publicly held corporations on ongoing day-to-day retirement and executive compensation issues, as well as employee benefits design and transition matters arising from corporate mergers, acquisitions and divestitures. Read Jeff Holdvogt's full bio.

IRS Announces 2024 Employee Benefit Plan Limits


By , and 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...

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IRS Announces 2024 Employee Benefit Plan Limits


By , and on Nov 1, 2023
Posted In Employee Benefits, Fiduciary and Investment Issues, Retirement Plans



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Opportunity Knocks: At Long Last, IRS Determination Letter Program Is Open for 403(b) Plans


By and 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...

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Employer Student Loan Debt Benefits Following SECURE 2.0


By , and 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...

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Webinar Replay: SECURE 2.0 and the Impacts of Employer Matching for Student Loan Payments


By and 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...

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SECURE 2.0: The Impacts of Employer Matching for Student Loan Payments


By and 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...

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Forfeitures: Changing the Rules of the Game for Retirement Plans


By , and 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.

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What the Potential Shutdown of Biden’s Loan Forgiveness Plan Could Mean for Plan Sponsors


By on Apr 6, 2023
Posted In Employee Benefits

As the US Supreme Court deliberates on the Biden administration’s loan forgiveness plan, what is the recommended course of action for plan sponsors regarding student loan repayment programs? In this PLANSPONSOR article, McDermott Partner Jeffrey M. Holdvogt offers insight into student loan debt benefits through the Coronavirus Aid, Relief and Economic Security Act. Access the...

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Webinar Replay: What to Know About SECURE 2.0


By , , , , and on Feb 1, 2023
Posted In Employee Benefits, Fiduciary and Investment Issues, Retirement Plans, SECURE 2.0 Act

What do retirement plan professionals and participants need to know about the recently passed SECURE 2.0 Act of 2022? In this webinar replay, McDermott’s Employee Benefits team discusses the many changes to retirement plans and individual retirement accounts, including the key changes for 401(k), 403(b) and defined benefit plans as well as other changes impacting...

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JOIN US: SECURE 2.0 Takes Second Bite at Retirement Security


By , , , , and on Jan 24, 2023
Posted In Employee Benefits, Fiduciary and Investment Issues, Retirement Plans, SECURE 2.0 Act

Join partners from McDermott’s Employee Benefits team on Wednesday, January 25, 2023, as they discuss the impact of the recently passed SECURE 2.0 Act of 2022. With over 90 changes to retirement plans and individual retirement accounts (IRAs), this webinar will highlight the key changes for 401(k) and 403(b) plans and defined benefit plans, as...

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