Pepper Hamilton partner Paul L. Porretta and Troutman Sanders partner Mamta K. Shah recently hosted a webinar to discuss the Setting Every Community Up for Retirement Enhancement Act of 2019, better known as the SECURE Act, which became law on December 20, 2019.
Key points that were covered on the webinar include:
-Multiple employer plan rules tweaked to encourage broader participation
-Required minimum distribution age increased from 70.5 to See more +
Pepper Hamilton partner Paul L. Porretta and Troutman Sanders partner Mamta K. Shah recently hosted a webinar to discuss the Setting Every Community Up for Retirement Enhancement Act of 2019, better known as the SECURE Act, which became law on December 20, 2019.
Key points that were covered on the webinar include:
-Multiple employer plan rules tweaked to encourage broader participation
-Required minimum distribution age increased from 70.5 to 72
-IRA age limit for contributions eliminated
-Required 401(k) plan eligibility for long-term part-time employees
-New incentives for small employer retirement plans
-Administrative relief for automatic enrollment plans, safe harbor plans and frozen pension plans.
This is the recording of the webinar.
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