Blue Ridge ESOP Associates Industry News

SECURE ACT & CARES ACT Updates

Posted by Renee M. Stadtmueller, CPA, QPA

Mar 31, 2022 9:58:00 AM

The deadline to amend your retirement plans for the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) and the Coronavirus Aid, Relief, and Economic Act (CARES Act) is the last day of the first plan year beginning on or after January 1, 2022 (December 31, 2022 for calendar year plans). Highlighted below are a few key changes that may need to be included in your amendment:

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Topics: RMD, CARES Act, Participant Loans