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Safe Harbor + SECURE Act = Big changes!

Procrastinators rejoice! The SECURE Act has made some big changes to Safe Harbor plan designs. Historically, plan sponsors had to decide and declare 30 days before the beginning of the plan year if they’d use a safe harbor design. If you’re willing to do a little more, you could have up to a year to retroactively decide to use safe harbor. Read on here.

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Compliance Courtenay Shipley Compliance Courtenay Shipley

SECURE Act is Here and Changing Retirement!

While folks were busy wrapping last-minute holiday presents, a new law passed affecting retirement plans called the SECURE Act, which stands for “Setting Every Community Up for Retirement Enhancement,” and puts into place numerous provisions intended to strengthen retirement security. This is the biggest piece of retirement legislation since the 2006 Pension Protection Act and nerds like us are excited! Here’s an overview of ten of the big provisions.

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