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Retirement Plan Industry Update – Q4 2019

On December 20, 2019, President Trump signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The Senate and House of Representatives overwhelmingly passed the bill. This represents the most impactful retirement plan legislation since the passage of the Pension Protection Act of 2006.

Retirement Plan Industry Update – Q3 2019

A safe harbor is a provision in law that provides protection from liability under specific situations or if certain conditions are met. In an effort to encourage companies to offer retirement plans to their employees, the Internal Revenue Service (IRS) and Department of Labor (DOL) offer a number of safe harbor provisions to protect plan sponsors.

Retirement Plan Industry Update – Q1 2019

On April 9, 2019, Principal Financial Group (Principal) announced that it had reached an agreement to purchase Wells Fargo’s retirement plan recordkeeping business.

Retirement Plan Industry Update – Q4 2018

Effective February 9, 2018, Congress signed into law the Bipartisan Budget Act of 2018, which made changes to the hardship distribution rules for qualified retirement plans.

Retirement Plan Industry Update – Q2 2018

Congress recently announced changes to the hardship distribution rules for qualified retirement plans by the Tax Cuts and Jobs Act.

Password Protection

We have all been there. You are opening a new account online and need to create a username and a unique password. You enter a username in the box, which usually is one of your email accounts or a combination of your first and last name, and then hit tab.