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...
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,...
SusanMWrightFeb 21, 20202 minRMD Age Increased under SECURE ActThe SECURE Act, passed as part of Further Consolidated Appropriations Act late last year, increased the age for required minimum...