To print this article, all you need is to be registered or login on Mondaq.com.
Employers and retirement plan services providers have had a year
to mull over their options since the Setting Every Community Up for
Retirement Enhancement (SECURE) Act of 2019 paved the way for the
launch of pooled employer plans (PEPs). For small businesses, these
new plans may fundamentally change the quality of and access to
retirement plans. The promise of PEPs is that by facilitating the
pooling of administrative expenses among multiple employers, each
employer benefits from economies of scale.
Provider enthusiasm
A company that manages the PEP is known as the pooled plan
TIAA is offering a variety of live webinars for the month of March; see descriptions and dates/times of live webinars below. To view recorded past webinars or register to attend a live webinar, visit TIAA webinars. March’s live webinars topics include: Strategies for staying on track – No matter how much or how little money you can save for retirement, it’s important that you start now and stay invested for your future. March 16 at 12 p.m. (PT) Retiring in the new normal – We all know how important it is to save for retirement. This presentation brings many of the risks . » More .
Retirement security could be only issue both sides accept
Retirement security could be only issue both sides accept
Richard Neal, left, and Kevin Brady introduced a retirement bill in October.
There aren t many truly bipartisan issues in Washington these days, but lawmakers on both sides of the aisle are eager to pass another retirement security package in 2021 and are optimistic about their chances.
In the House, Ways and Means Committee Chairman Richard Neal, D-Mass., and ranking member Kevin Brady, R-Texas, introduced the Securing a Strong Retirement Act in October. The bill, which would have to be reintroduced in the new Congress, would require, among dozens of provisions, 401(k), 403(b) and Savings Incentive Match Plan for Employees known as SIMPLE plans to automatically enroll workers upon becoming eligible while giving employees the opportunity to opt out; raise the age at which individuals are required to begin withdrawing a percentage of their tax-deferred retirement
Changes wanted on lifetime income proposal pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
To print this article, all you need is to be registered or login on Mondaq.com.
The Internal Revenue Service ( IRS ) issued the 2020
Required Amendments List under IRS Notice 2020-83 on November 20, 2020. The
IRS publishes an annual Required Amendments List, which generally
applies to changes in requirements that become effective on or
after January 1 of that year. The Required Amendments List applies
to both individually designed plans qualified under Internal
Revenue Code ( Code ) § 401(a) and individually
designed plans that satisfy the requirements of Code §
403(b).
Difficulty of Care Payments
The 2020 Required Amendments List addresses the difficulty of
care payments treated as compensation for retirement contribution