The Setting Every Community Up for Retirement Enhancement (SECURE) Act, signed into law on December 20, 2019, is the broadest piece of retirement legislation in recent history. Some of the changes will go into effect in 2020 and plan sponsors will need to immediately evaluate their retirement plans and make required updates.
Are you ready to implement the new retirement provisions?
The SECURE Act includes both mandatory and optional provisions for 401(k) and pension plan sponsors. Buck takes a holistic approach to considering the implications of the SECURE Act for your plans incorporating all the stakeholders involved, including HR, record-keepers and administrators, fiduciaries, participants, and beneficiaries.
Our team includes:
As you review the legislation, we can help you interpret how the various provisions apply to your organization, consult with you on your options, and make the necessary changes to your plan documents and policies and procedures, to ensure you’re compliant.
From contemplating in-plan annuities as a tool to preserve plan assets to discerning the appropriateness of expanding part-time benefits beyond what is required, we can take you through the analysis necessary to make an informed decision.
Our consultants specialize in DB and DC communications, investment and financial education, retirement modeling tools and DB lump sum campaigns. We can help your team provide clear, concise and engaging communication to your various constituents.