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SECURE Act's impact on 401(k) plan sponsors

January 2020 employment law letter
Authors: 
Brigen Winters, Michael Kreps, and Diana McDonald, Groom Law Group, Chartered

Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) was enacted on December 20, 2019, as part of a larger spending package, the Further Consolidated Appropriations Act of 2020, and many of its provisions took effect January 1, 2020. The SECURE Act will require 401(k) plan sponsors to make significant plan and operational changes, including the following:

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