PLANSPONSOR 2021 Plan Progress Series: Complying With New Regulations/Legislation

Many provisions of the Setting Every Community Up for Retirement Enhancement (SECURE) Act went into effect in 2020, but the passage of the Coronavirus Aid, Relief and Economic Security (CARES) Act last spring might have distracted some plan sponsors and confused them about new rules for required minimum distributions (RMDs). In addition, 2020 was a very active year for the Department of Labor (DOL). In 2021, more important provisions of the SECURE Act are effective.