Industry News

On January 8, 2020, the Groom Law Group announced the launch of its SECURE Act Resource Library website.  The website provides information related to the key provisions of the Setting Every Community Up for Retirement Enhancement Act (the SECURE Act), which was enacted on December 20, 2019 as part of the Further Consolidated Appropriations Act, 2020. 

The resource library was designed to provide employers and retirement plan service providers with pertinent information for the Act’s nearly 30 retirement provisions.  It includes the legislation and related regulatory guidance, key deadlines, required compliance measures, as well as insights and key takeaways from the Groom Law Group’s legal professionals, which covers:  1) the impact of the establishment of multiple employer plans or pooled employer plans; 2) the offering of in-plan lifetime income options; 3) distributions from plans and individual retirement accounts (IRAs); and 4) other issues related to defined benefit and defined contribution plan recordkeeping and administration.

The website is available here.