Tucked into the 1,700-page spending legislation that Congress passed in December 2019 with a government shutdown deadline looming was a bill called the Setting Every Community Up for Retirement Enhancement Act (Division O of P.L. 116-94).
The SECURE Act was designed to encourage retirement savings in various ways and to simplify administrative requirements in order to make it easier for employers to offer retirement plans. Like a smorgasbord, the act contains a wide assortment of changes to existing law. The