The Setting Every Community Up For Retirement Enhancement Act of 2019 (the “SECURE Act”), made sweeping changes to retirement plan rules. As described in our prior alert, certain provisions took effect immediately and were required to be implemented by retirement plans shortly after the passage of the SECURE Act.

As part of our series of continuing updates on certain other aspects of the SECURE Act that may impact (or provide opportunities for) employers that sponsor retirement plans, this alert briefly summarizes certain changes under the SECURE Act relating to safe harbor notices, a new birth or adoption distribution event, and the increased penalties for certain failures to file retirement plan returns.