Feb 121 minSECURE Act – Impact on 401(k) Plan SponsorsThe Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”), the largest package of retirement system reforms in over a decade, w...
Feb 111 minChurch Plans Under the SECURE ActMany 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,...
Feb 61 minLifetime Income Provisions Under the SECURE ActThe SECURE Act, which includes three major lifetime income-related provisions, represents a giant step forward on the part of Congress to not only reduce som...
Jan 311 minUntangling the SECURE Act’s Retirement Plans—PEPs, ARPs, and MEPsOver the past six months, Congress and the Department of Labor have created new ways to structure workplace retirement plans. The new plan structures are res...
Jan 301 minIRA Reporting Relief for 2020 MRDsIRA providers were concerned with not being able to “stop the presses” when it came to notices being provided in January to IRA owners regarding the need to ...
Jan 241 minSECURE Act Impacts Distributions Under Governmental PlansThe SECURE Act has made a number of changes to Internal Revenue Code requirements for governmental plans, particularly in the required minimum distribution (...
Jan 221 min2020 Brings New Opportunities in the Retirement Space2020 brings with it a host of new opportunities for investment advisers and consultants working with retirement plans and individuals saving for retirement. ...
Jan 221 minSECURE Act and Spending Bills – Impact on Plan SponsorsRead below for our overview of the SECURE Act for plan sponsors. This write-up summarizes: · key 401(k) plan changes, · additional changes affecting defined ...
Jan 221 minShould Your Company Finally Offer a Retirement Plan?It’s OK—you’re far from alone—47% of small to midsize businesses don’t offer a retirement plan, and you have reasons for being one of those. You have more to...
Jan 171 min10 Key Changes to IRAs in 2020 Under SECURE ActIndividual retirement accounts, including traditional, Roth, inherited, deemed, Simple and SEP, are seeing a lot of changes this year following the passage o...
Jan 151 minSECURE Act Requires Immediate Action by Plan Service ProvidersCongress recently passed the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”), the largest package of retirement system r...
Jan 101 minThe SECURE Act Increases The Buzz Around AnnuitiesThe SECURE Act includes three significant provisions relating to lifetime income. These new provisions have the potential to both fundamentally reframe how ...
Jan 101 minSECURE Act Testing Relief for Closed/Frozen Defined Benefit PlansIn recent years, many defined benefit (“DB”) pension plan sponsors have taken action to limit ongoing coverage and benefit accruals of their DB plans. Over ...
Jan 91 minSo You Want to Sponsor a Pooled Employer Plan? Here are 5 Things to Know.In recent years, one of the retirement industry’s white whales has been multiple employer plans (MEPs). Countries like Australia have long allowed employers...
Dec 19, 20191 minYear-End Challenges and Opportunities: Congress Passes SECURE Act, Caddy Tax Repeal, and MoreOn Thursday, December 19, the Senate passed two spending bills to fund the government through September 30, 2020, one of which (H.R. 1865, the “Further Conso...
May 29, 20191 minHouse Passes Bipartisan Retirement ReformOn May 23, the House overwhelmingly passed the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act,” H.R. 1994) on a vote of 4...
Apr 5, 20191 minA Step Forward For Retirement LegislationOn April 2, 2019, the House Ways and Means Committee approved bipartisan retirement legislation titled the “Setting Every Community Up for Retirement Enhance...
