The SECURE Act and key provisions affecting retirement plans
At the end of 2019, Congress passed, and President Trump signed, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) into law. After many years of little or no legislation affecting retirement plans, the SECURE Act contains a variety of provisions that impact new and existing retirement programs and require employers to change how they operate their plans.
Join our Employee Benefits attorneys on February 25 as they discuss items affecting your retirement plan, including the SECURE Act which:
- Encourages employers without plans to adopt plans through multiple employer plans, tax incentives or other provisions
- Eases the administration of safe harbor 401(k) plans by revising notice and other requirements.
- Empowers part-time employees to contribute to 401(k) plans.
- Enables sponsors of Code Section 403(b) plans to terminate or consolidate old plans.
- Enhances distribution options by delaying mandatory distributions and adding additional in-service opportunities.
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