Corporate Retirement Plan Advisors
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December, one of the largest changing legislative acts to impact America’s
retirement system was signed into effect. The Setting Every Community Up for
Retirement Enhancement Act – or SECURE Act – has many updates and modifications
that seek to enhance retirement security activities. The Act strives to
addresses challenges that small business owners face including helping your
employees better understand their workplace savings plans, encouraging employees
to save more for their future, and offsetting plan costs.
For plan administrators, sponsors and fiduciaries, here are
a few of the biggest changes that you should be aware of:
The SECURE Act has many changes that could directly impact your
company’s retirement plan. The information above is a brief high-level overview
that might affect your plan, it is definitely not exhaustive and you should do
careful review to learn how the SECURE Act will impact your company’s
retirement plan. For more information,
please visit NAPA-Net’s SECURE Act resource page, which is updated continuously with
Additionally, contact us, we are available to sit down for a
conversation to discuss your specific plan needs.
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