Details of the SECURE Act – Part Twelve: Lifetime Income Options
Section 203, 204 and 109 of the Act addressed participant statement requirements, portability of balances and selecting a provider for Lifetime Income products.
Tax Laws
Details of the SECURE Act Part Ten: Multiple Employer Plans (MEP) and Pooled Employer Plans (PEP)
Section 101 of the Act enhanced capabilities of Multiple Employer Plans (MEP) and created Pooled Employer Plans (PEP).
Details of the SECURE Act – Part Nine: Plan Loans via Credit Cards
Section 108 of the Act amends the tax laws to prohibit the use of debit/credit cards to take a participation loan.
New Retirement Legislation May Be On The Way: SECURE Act vs. RESA
The SECURE Act was approved by the House on May 23rd. It will now move to the Senate and compared or possibly reconciled with RESA. We compare the main provisions of each act in this chart.
Recent Tax Acts Impacting Retirement Plans
Recent changes to retirement plan provisions due to 2 new Tax Acts