Church Plans Under the SECURE Act
Many of the provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”) do not apply to non-electing church plans, but some do, notably those dealing with certain 403(b)(9) plans and distributions. This is to briefly summarize the most significant changes affecting church plans. Church plans should start considering what changes in plan terms, recordkeeping, reporting and communications may be necessary to reflect the new distribution rules.
Click here to read the full article.
Recent Posts
See AllIRS Notice 2022-33 provides extensions to the amendment deadlines for certain provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (“SECURE Act”), the Bipartisan America
In June, the Senate committees with jurisdiction over retirement approved their versions of retirement reform legislation. The Senate bills are the Enhancing American Retirement Now Act (unnumbered, t
We have created a chart summarizing the provisions in the Securing a Strong Retirement Act of 2021 as marked up by the House Ways and Means Committee on May 5, 2021. To access this publication, please