SusanMWrightDec 23, 20205 minNew Rules under the SECURE Act for Long-Term, Part-Time EmployeesThe Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) generally requires that 401(k) plans allow long-term,...
SusanMWrightDec 23, 20204 minIRS Issues Guidance on Notice Requirements for Safe Harbor Nonelective Contribution PlansOn December 9, 2020, the IRS issued Notice 2020-86 (the Notice) providing initial guidance for plan sponsors on the changes made under...
SusanMWrightDec 23, 20205 minQualified Birth & Adoption DistributionsThe Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) generally allows parents to take an early distribution...
SusanMWrightFeb 22, 20204 minChanges to Safe Harbor Plan under the SECURE ActThe SECURE Act, which became law in December 2019, made significant changes to rules related to safe harbor nonelective contributions,...