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6 Lesser-Known SECURE Act Provisions Impacting 401ks

Source: - Jan 16, 2020

While the major changes resulting from the SECURE Act’s annuities, RMD and open MEPs provisions—plus the elimination of the “Stretch” IRA—have grabbed most of the headlines since the Act became the “law of the land” as of Jan. 1, 2020, there are a number of other 401k-impacting provisions that need to be on the radar of 401k-focused advisors.

According to a recent Employee Benefits & Executive Compensation blog post from Proskauer Rose LLP, almost all tax-qualified employer-sponsored retirement plans will need to be reviewed for possible amendments to reflect the changes brought about by the SECURE Act.

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Category: General Business