‘SECURE 2.0’ Impact on Retirement Plan Sponsors
Frank T. Ardito, CPA Vice President & Director of Employee Benefit Services Significant changes to workplace retirement plans were enacted in the waning days of 2022 as the SECURE Act of 2022 – also known as “SECURE 2.0” – was signed into law. The SECURE 2.0...Partial termination of a retirement plan: How to recognize it and head it off
A retirement plan is partially terminated when a company’s workforce is downsized by a certain percentage due to decisions made by the company’s management. This could carry significant economic impacts.