Employee Benefits and Executive Compensation practice attorneys Gabriel Marinaro, special counsel, and David Mohl, associate, will co-present "SECURE Act Signed Into Law: Impact on Retirement Benefits in Employer-Sponsored Plans" BLR webinar on Thursday, April 2. The presentation will explore how the Setting Every Community Up for Retirement Act of 2019 (the SECURE Act) affects retirement benefits in employer-sponsored plans. Topics will include:
- 401(k) plan coverage for long-term part-time employees;
- required minimum distributions, and distributions allowed under certain circumstances;
- notice and contribution requirements for “safe harbor” 401(k) plans;
- the timing of amendments to nonelective contribution 401(k) safe harbor plans;
- increased penalties for failing to file a Form 5500 or a Form 8955;
- pooled employer plans—including elimination of the “one bad apple” rule for disqualifying a whole pooled employer plan;
- lifetime income disclosures for defined contribution plans—an employer’s new obligation to provide participants with estimates of the monthly income they would receive if the balance was paid as a single life annuity or a joint survivor annuity; and
- small employer tax credits.
More information on the "SECURE Act Signed Into Law: Impact on Retirement Benefits in Employer-Sponsored Plans" BLR webinar.