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See the results of our SECURE Act survey

This bill was drafted to address Americans’ difficulty in saving and investing for retirement.

Survey Results

The SECURE (Setting Every Community Up for Retirement Enhancement) Act was designed to help Americans save for retirement. How does it help them save?

  • Repeals the maximum age for traditional IRA contributions, which is currently 70½
  • Increases the required minimum distribution (RMD) age for retirement accounts to 72 (from 70½)
  • Allows long-term, part-time workers to participate in 401(k) plans
  • Offers more options for lifetime income strategies
  • Permits parents to withdraw up to $5,000 from retirement accounts penalty-free within a year of birth or adoption for qualified expenses
  • Allows parents to withdraw up to $10,000 from 529 plans to repay student loans
  • Makes it easier for small businesses to offer 401(k) plans by providing tax credits and protections on collective Multiple Employer Plans (MEPs)
  • Revised the Tax Cut and Job Acts that raised taxes on benefits for family members of deceased veterans, as well as students, and some Native Americans
  • Automatic enrollment escalation allows new employees to be automatically enrolled in companies' qualified retirement plan and automatic annual escalation

SECURE Act Research

Related Articles

MEPs: What’s Old is New Again 
Issue 1, 2020 | MarketFacts

Multiple Employer Plans and PEOs
February 19, 2020 | Wagner Law Group

Who benefits from the SECURE Act?
February 6, 2020 | Investment News

Financial (In)Security: The Pros And Cons Of The SECURE Act
January 30 | Forbes

401(k) Savings Rates Are Up, and SECURE Act May Push Them Higher
January 28, 2020 | SHRM

SECURE Act could prompt firms to cut existing plans
January 27, 2020 | Pension & Investments

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On-Demand Webinars

MEPs: What Are Plan Sponsor Perceptions and Intentions?

10/23/2019 12 - 12:45 p.m. EDT

Easing access to multiple employer plans is the subject of much recent legislative and regulatory attention.

Closing the Coverage Gap

7/31/2018 12 - 1 p.m.

Over the past three decades, defined contribution plans have revolutionized the way many Americans plan and save for a secure retirement.

The SECURE Act of 2019: Significant Retirement Reform Legislation Appears Likely

7/10/2019 12 - 1 p.m. EDT

Join us on Wednesday, July 10, 2019 at 12:00 p.m. EST to learn about these looming changes and the impact they are likely to have on retirement plan and IRA service providers nationwide.

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