On May 21, the Labor Department unveiled a new safe harbor for electronic disclosures making it easier for employers to disseminate 401k notices to plan participants. The new safe harbor is known as the “notice and access” safe harbor method. Here is a quick overview: Initial Notice The final rule continues to require that… Read more »
The Macro View
Posts Tagged: 401K
SECURE Act’s Impact on Personal Financial Planning
Earlier this year I had the privilege to meet with lawmakers on Capitol Hill to provide industry feedback on the implications of the Setting Every Community Up for Retirement Enhancement Act (aka the SECURE Act). As expected the SECURE Act was included in the spending bill that Congress passed on December 19th. The spending… Read more »
SECURE Act’s Impact on Employers (Retirement Plan Sponsors)
On December 19, 2019, Congress approved an appropriations package that will fund the government through the 2020 election. The bill now sits on the President’s desk where it is expected to be signed into law. Included as part of the package was the Setting Every Community Up for Retirement Enhancement Act (SECURE). I had… Read more »
IRS Announces 2019 401K and IRA Contribution Limits
Good news for retirement savers in 2019, they will be able to save more. Today the IRS announced the contribution limits for workplace retirement plans and IRAs. See below for a summary of the changes. We will be working with our personal wealth management clients to make adjustments in the new year and helping… Read more »