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BenefitsPRO
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The SECURE Act makes a variety of changes affecting qualified
retirement plan administration. Some changes were effective upon enactment on
December 20, 2019, and others were effective on and after January 1, 2020,
affecting defined benefits plans, 403(b)/457(b) plans, individual retirement
accounts, small employers, lifetime income options, RMDs and withdrawals.
However, with the turmoil subsequently caused by the COVID-19 pandemic and
passage of the CARES Act, one significant SECURE Act change that is effective
on and after January 1, 2021 may have been overlooked.
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Wednesday, August 26, 2020
An important SECURE and CARES Act reminder for plan administrator
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