Congress made several changes to retirement plans as part of the Consolidated Appropriations Act of 2023, which recently passed both the House and Senate. The final bill contains.
Signed into law at the very end of 2022, the SECURE 2.0 Act of 2022 (SECURE Act 2.0) makes far-ranging changes to the US employer-retirement plan system. Continuing momentum and themes.
After months of on-again off-again consideration of competing bills, US Congress capitalized on bipartisan support for retirement plan legislation to deliver the SECURE 2.0 Act of 2022.
ERISA generally requires making investment decisions for retirement plans to do so in interest of plan participants, taking into account pecuniary factors like fees, risks, returns. Guidance issued during Obama admin indicated an openness to non-pecuniary factors such as ESG.