Retirement plans are a core component of employees’ compensation and a key differentiator for employers. Given their importance, it’s essential that laws and regulations governing them keep up with the evolving challenges workers face.
The IRS recently issued guidance (Notices 2020-50 and 2020-51) addressing the distribution, loan and required minimum distribution (RMD) waiver provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
On December 20, 2019, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) was signed into law as part of a broader federal package. This FAQ was created to help you understand the legislation and many of its key provisions.