How does the SECURE Act Impact Retirement Plans?

On December 20, 2019, the SECURE Act became law. SECURE stands for “Setting Every Community Up for Retirement Enhancement.” It has impacted ERISA plans. Mostly, this Act will affect the employers’ and plan providers’ side of the ERISA plan. However, you will want to be aware that you may be getting information from your plan provider soon which will make changes to your plan. These changes are required by SECURE.

Below is a link to an article which lists the major areas of change that will be coming to your ERISA plan. Review this list and make sure that what your provider is doing under SECURE is what is mandated. Remember, if you have difficulty with your plan, contact us — we are here to help.

If you believe you have been wrongfully denied your ERISA, or non-ERISA, long-term disability benefits, give us a call for a free lawyer consultation. You can reach Cody Allison & Associates, PLLC at (615) 234-6000, or toll free (844) LTD-CODY. We are based in Nashville, Tennessee; however, we represent clients in many states (TN, KY, GA, AL, MS, AR, NC, SC, FL, MI, OH, MO, LA, VA, WV, just to name a few). We will be happy to talk to you no matter where you live. You can also e-mail our office at cody@codyallison.com. Put our experience to work for you. For more information go to www.LTDanswers.com

https://www.natlawreview.com/article/secure-act-and-its-impact-retirement-plans