Retirement Plan Update: New DOL Disclosures And Updated IRS Notices

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The Employee Benefits Group provides updates and guidance for clients with retirement plans. First, the Department of Labor recently issued interim final regulations requiring new information to be included on ERISA-covered defined contribution plan participant account statements under the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”). The guidance only applies to defined contribution plans – such as 401(k) and 403(b) plans – and not defined benefit plans...

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