12.01.2024 02.55 CST
IRS Guidance on recent legislation helps employers start planning for next few years.
SECURE Act Provisions Start Taking Shape
As we enter 2024, employers (and their providers) are starting to get more IRS guidance on recent pension legislation.
The IRS ended 2023 with new guidance on the SECURE Act and SECURE 2.0. These included proposed regulations on the new requirements for long-term part-time employees and a grab-bag of Q&As on miscellaneous provisions of SECURE 2.0. Overall, the IRS guidance does not contain dramatic surprises—but it does help employers and their providers start planning for the next few years.
03.01.2020 02.04 CST
The SECURE Act, signed by President Trump, contains a potpourri of provisions encouraging plan formation, use of annuities and adoption of safe harbor designs.
SECURE Act Passed–Ensuring Much Activity and Some Change
New Legislation Creates Planning Opportunities and Pitfalls.
The SECURE Act offers employers some new options and alternatives--and a handful of new mandates. Overall, the Act seeks to encourage employers to adopt retirement plans and to encourage employees to use those plans. Although the Act will not rock the retirement plan world, over the course of time it may shake things up just a bit.