Employee Benefits Blog

New Year, New Age: the SECURE Act Increases the Required Minimum Distribution Age to 72

On December 20, 2019, President Trump signed the Further Consolidated Appropriations Act, 2020, a spending bill that includes the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”). The SECURE Act initially passed the House in May, as discussed in our S&W Benefits Blog “The SECURE Act – A Primer on […]

January 10, 2020 | 2 min read | Tagged: individual retirement accounts, iras, qualified retirement plans, required minimum distributions, rmd, SECURE ACT

Amberlee (Conley) Lapointe Associate

Missing Participants – Out of Sight Out of Mind?

Imagine it’s March 31 and you are a retirement plan administrator. You have a participant who terminated employment 15 years ago. He turned 70½ last year and now you owe him his first required minimum distribution from the Plan on April 1. You have not thought about this participant or attempted to locate him in […]

July 20, 2017 | 3 min read | Tagged: administrators, missing, missing participants, participants, plan administrators, required minimum distribution, rmd, search

Anne M. Meyer Partner