Jeffrey Holdvogt
Subscribe to Jeffrey Holdvogt's PostsJeffrey (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.
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...
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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...
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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.
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What the Potential Shutdown of Biden’s Loan Forgiveness Plan Could Mean for Plan Sponsors
By Jeffrey Holdvogt 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 Sarah L. Engle, Jeffrey Holdvogt, Andrew Liazos, Lisa Loesel, Jacob Mattinson and Brian Tiemann 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 Sarah L. Engle, Jeffrey Holdvogt, Andrew Liazos, Lisa Loesel, Jacob Mattinson and Brian Tiemann 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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Employer Benefits to Assist with Student Loan Debt
By Jeffrey Holdvogt on Jan 17, 2023
Posted In Employee Benefits
What can employers do to assist workers with student loan debt? According to this PlanSponsor article, some strategies include direct-to-worker payments or an indirect option for student debt repayment benefits. McDermott Partner Jeffrey Holdvogt said a loan consolidation or refinancing option can help workers get a lower interest rate. “There’s an expectation that many individuals...
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Reminder: New Tax Forms for Retirement Plan Payment Withholding Effective January 1, 2023
By Jeffrey Holdvogt and Diane Morgenthaler on Dec 14, 2022
Posted In Retirement Plans, Uncategorized
Retirement plan sponsors need to utilize updated Form W-4P (for periodic pension and annuity payments) and new Form W-4R (for nonperiodic payments and eligible rollover distributions) for income tax withholding elections beginning January 1, 2023. As we near the end of 2022, plan sponsors should ensure that their retirement plan systems and vendors are on...
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IRS Announces 2023 Employee Benefit Plan Limits
By Jeffrey Holdvogt and Jacob Mattinson on Oct 21, 2022
Posted In Employee Benefits, Employment, Fiduciary and Investment Issues, Retirement Plans
The Internal Revenue Service (IRS) and the Social Security Administration announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the Social Security wage base for 2023. The table below compares the applicable dollar limits for certain employee benefit programs and the Social Security wage base for 2022...
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IRS Announces Cost-of-Living Adjustments for Health and Welfare Plans
By Jacob Mattinson and Jeffrey Holdvogt on Oct 19, 2022
Posted In Employee Benefits, Fiduciary and Investment Issues, Health and Welfare Plans
On October 18, 2022, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain account-based health and welfare plans (see Rev. Proc. 2022-38). The maximum salary reduction limit for a health flexible spending account (Health FSA) increased to $3,050 for 2023 (from $2,850 in 2022), and the Health FSA carryover...
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