SECURE Act Archives - Word on Benefits

What Retirement Plan Sponsors Need to Know About Spousal Consent and Remote Witnessing

Jenny Gartman, CEBS

25 May 202325 May 2023

The Treasury Department and the Internal Revenue Service (IRS) temporarily allowed, in light of COVID-19 pandemic restrictions, electronic alternatives to physical presence requirements for retirement plan participants’ elections that required spousal consent. The two allowed alternatives were remote witnessing by notaries public […]

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SECURE Act 2.0—How Will It Impact Your Plan?

Anne Newhouse

07 Feb 202310 Mar 2023

In the month since the SECURE Act 2.0 became law, retirement plan experts have been fast at work studying and researching the pages of provisions so that plan sponsors understand the requirements that will affect their plans. On January 24, 2023, Steven […]

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What Plan Sponsors Need to Know After the Passage of SECURE 2.0 Act of 2022

Amanda Wilke

28 Dec 202217 Feb 2023

The SECURE 2.0 Act of 2022 (SECURE 2.0 Act), which aims to increase retirement savings and expand coverage to employer-sponsored retirement plans, was included in the 4,155-page omnibus spending bill (HR 2617) to fund the government for 2023. The omnibus bill was […]

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What Plan Sponsors Need to Know About SECURE 2.0 in the Senate

Amanda Wilke

30 Nov 202210 Feb 2023

The end-of-year push to pass the bill package known as SECURE 2.0 is underway. SECURE 2.0 is comprised of three separate bills, one in the House of Representatives (House) and two in the Senate, aimed at increasing retirement savings and expanding coverage […]

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Everything Plan Sponsors Need to Know About SECURE Act 2.0

Amanda Wilke

26 May 202226 May 2022

On March 29, 2022, the House of Representatives passed the Securing a Strong Retirement Act of 2022 (HR 2954), otherwise known as SECURE Act 2.0, by a vote of 414-5. Secure Act 2.0 builds on the 2019 Setting Every Community Up for […]

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SECURE Act Guidance: What DC Plan Sponsors Need to Know

Kathy Bergstrom, CEBS

10 May 202110 May 2021

Federal agencies, including the Internal Revenue Service (IRS) and Department of Labor (DOL), have been busy issuing guidance on some of the more complex provisions of the Setting Every Community Up for Retirement Enhancement (SECURE) Act since it was signed into law […]

Defined Benefit (DB) Plans Defined Contribution (DC) Plans Employee Benefits Retirement

The SECURE Act—What Employers Need to Know

Julie Stich, CEBS

27 Jan 202027 Jan 2020

On December 20, 2019, President Trump signed the Further Consolidated Appropriations Act of 2020, an appropriations law to fund certain federal agencies through September 30, 2020. This law included bipartisan legislation, the Setting Every Community Up for Retirement Enhancement (SECURE) Act, widely […]

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The House’s SECURE Act: What It Could Mean for Retirement Plans

Julie Stich, CEBS

28 May 201921 Jan 2020

Last week, the U.S. House of Representatives overwhelmingly approved a retirement bill, the Setting Every Community Up for Retirement Enhancement (SECURE) Act (H.R. 1994). The bill is notable for being bipartisan, as shown by the 417-3 vote and the mix of its […]