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Milestone Retirement Reform Arrives: Key Provisions Of SECURE 2 0 - Employee Benefits & Compensation

On December 29, 2022, President Biden signed into law the Consolidated Appropriations Act, 2023, which contains an impressive collection of retirement.

United statesStephen millerForbes decTed godboutAllison brecherElizabetho brienSenate finance commService requirement for longDepartment of laborPension benefit guaranty corporationAmerican retirement associationSociety for human resource management decSetting every communitySociety for human resourceTreasury departmentCongress just

Provider Due Diligence: Key to Avoiding Catastrophic Cyberattacks

The recent Moveit breach highlighted the need for plan sponsors to carefully vet service providers in order to protect participants’ assets, data and personal information.

United statesAllison brecherJon meyerRobert massaPaul catenacciAmerican institute of certified public accountantsDepartment of laborQualified plan advisorsSocial securityAmerican instituteCertified public accountantsNovara law

SECURE 2 0 Reforms 529 and ABLE Accounts

The reforms complement the student loan matching provision and make it easier to use ABLE and 529 accounts for college savings.

United statesAllison brecherSetting every community up for retirement enhancementRetirement enhancement actBetter life experience

What Does SECURE 2 0 Do for RMDs and Catch-Up Contributions?

The RMD change is straightforward, but the catch-up change, not as much.

United statesMichael hadleyAllison brecherRichard neald massachusettsDavid stinnettKristen carlisleMark iwryDavis harmanBrookings institutionGroom law groupHarvard medical schoolSenate committee onHouse committee on waysSociety of professional asset managersVestwell trust companySenate committee

Plan Creation in a Post-SECURE 2 0 World

SECURE 2.0 creates new tax credits and requires automatic features that will shape plan creation going forward.

United statesAllison brecherKristen carlisleMark iwryTreasury departmentBrookings institutionSetting every community up for retirement enhancementVestwell trust companyDepartment of laborRetirement enhancement act

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