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Congress (Finally) Passes the SECURE Act
Drinker Biddle Link to more items from this source
[Guidance Overview]
Dec. 20, 2019

"Key changes include: Open Multiple Employer Plans (MEPs).... Part-time employee eligibility for 401(k) plans.... Required minimum distributions (RMDs).... Increased tax credits.... Safe harbor 401(k) enhancements.... An objective fiduciary safe harbor for the selection of a lifetime income provider ... [P]articipant lifetime income disclosures illustrating the monthly payments if the participant's account balance [were to be] used to provide lifetime income in an annuity."  MORE >>

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