SECURE Act Testing Relief for Closed/Frozen Defined Benefit Plans

In recent years, many defined benefit (“DB”) pension plan sponsors have taken action to limit ongoing coverage and benefit accruals of their DB plans.  Over time these plans may have difficulty continuing to satisfy the nondiscrimination or minimum participation requirements applicable to tax-qualified pension plans.  Employers that continue to maintain DB plans, as well as their recordkeepers and consultants, may find that the SECURE Act’s new rules in this area will provide helpful flexibility.


Click here to read the full article.

Recent Posts

See All

SECURE Act – Impact on 401(k) Plan Sponsors

The Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”), the largest package of retirement system reforms in over a decade, was enacted on December 20, 2019.  Many of

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 ce

Lifetime Income Provisions Under the SECURE Act

The SECURE Act, which includes three major lifetime income-related provisions, represents a giant step forward on the part of Congress to not only reduce some of the barriers that have traditionally d

Groom Law Group, Chartered

1701 Pennsylvania Avenue, N.W.
Washington, D.C. 20006

p: 202-857-0620

f: 202-659-4503

Follow us on

  • LinkedIn Social Icon

©2020 by Groom Law Group, Chartered. The information contained within is for informational purposes only and does not constitute legal advice. 

Disclaimer