Carol Buckmann, a co-founding partner of Cohen & Buckmann, is a featured guest blogger on the PenChecks Trust Blog, with an article titled, “Secure Act Takes Aim at the Retirement Savings Gap.” In the article, Carol enumerates the new options the SECURE Act offers current and potential plan sponsors that will help more employees save for retirement. These include:
Tax Credits for New Plans and Auto-Enrollment Plans
Extra Time to Adopt New Plans and Safe Harbor Provisions
Higher Limits for Auto-Enrollment
Pooled Employer Plans that Limit Fiduciary Responsibility
Safe Harbor for Selecting Annuity Providers
Portability of Annuity Options
Required Notice of Annuity Value
PenChecks is a privately held company that provides a complete suite of retirement distribution services. Carol is a regular contributor to the PenChecks and other industry blogs and publications.