How the SECURE Act Impacts Retirement Plans

On December 20, 2019, the SECURE Act became law when the appropriations bill known as the “Further Consolidated Appropriations Act of 2020” as signed by President Trump. The SECURE Act (“Setting Every Community Up for Retirement Enhancement Act of 2019”) is designed to encourage retirement savings and to simplify an employer’s administrative requirements in order to extend retirement plans to more employees.

Click below for a summary of the key provisions of the SECURE Act that impact retirement plans.