The SECURE ACT of 2019

Table of Contents

 

Public Law 116-124

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H.R. 1994

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SECSTION 1. SHORT TITLE, ETC.

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SEC. 101. MULTIPLE EMPLOYER PLANS; POOLED EMPLOYER PLANS.

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SEC. 102. INCREASE IN 10 PERCENT CAP FOR AUTOMATIC ENROLLMENT SAFE HARBOR AFTER 1ST PLAN YEAR.

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SEC. 103. RULES RELATING TO ELECTION OF SAFE HARBOR 401(k) STATUS.

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SEC. 104. INCREASE IN CREDIT LIMITATION FOR SMALL EMPLOYER PENSION PLAN STARTUP COSTS.

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SEC. 105. SMALL EMPLOYER AUTOMATIC ENROLLMENT CREDIT.

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“SEC. 45T. AUTO-ENROLLMENT OPTION FOR RETIREMENT SAVINGS OPTIONS PROVIDED BY SMALL EMPLOYERS.

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SEC. 106. CERTAIN TAXABLE NON-TUITION FELLOWSHIP AND STIPEND PAYMENTS TREATED AS COMPENSATION FOR IRA PURPOSES.

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SEC. 107. REPEAL OF MAXIMUM AGE FOR TRADITIONAL IRA CONTRIBUTIONS.

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SEC. 108. QUALIFIED EMPLOYER PLANS PROHIBITED FROM MAKING LOANS THROUGH CREDIT CARDS AND OTHER SIMILAR ARRANGEMENTS.

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SEC. 109. PORTABILITY OF LIFETIME INCOME OPTIONS.

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SEC. 110. TREATMENT OF CUSTODIAL ACCOUNTS ON TERMINATION OF SECTION 403(b) PLANS.

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SEC. 111. CLARIFICATION OF RETIREMENT INCOME ACCOUNT RULES RELATING TO CHURCH-CONTROLLED ORGANIZATIONS.

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SEC. 112. QUALIFIED CASH OR DEFERRED ARRANGEMENTS MUST ALLOW LONG-TERM EMPLOYEES WORKING MORE THAN 500 BUT LESS THAN 1,000 HOURS PER YEAR TO PARTICIPATE.

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SEC. 113. PENALTY-FREE WITHDRAWALS FROM RETIREMENT PLANS FOR INDIVIDUALS IN CASE OF BIRTH OF CHILD OR ADOPTION.

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SEC. 114. INCREASE IN AGE FOR REQUIRED BEGINNING DATE FOR MANDATORY DISTRIBUTIONS.

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SEC. 115. SPECIAL RULES FOR MINIMUM FUNDING STANDARDS FOR COMMUNITY NEWSPAPER PLANS.

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SEC. 116. TREATING EXCLUDED DIFFICULTY OF CARE PAYMENTS AS COMPENSATION FOR DETERMINING RETIREMENT CONTRIBUTION LIMITATIONS.

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TITLE II—ADMINISTRATIVE IMPROVEMENTS

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SEC. 201. PLAN ADOPTED BY FILING DUE DATE FOR YEAR MAY BE TREATED AS IN EFFECT AS OF CLOSE OF YEAR.

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SEC. 202. COMBINED ANNUAL REPORT FOR GROUP OF PLANS.

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SEC. 203. DISCLOSURE REGARDING LIFETIME INCOME

 

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SEC. 204. FIDUCIARY SAFE HARBOR FOR SELECTION OF LIFETIME INCOME PROVIDER.

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SEC. 205. MODIFICATION OF NONDISCRIMINATION RULES TO PROTECT OLDER, LONGER SERVICE PARTICIPANTS.

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SEC. 206. MODIFICATION OF PBGC PREMIUMS FOR CSEC PLANS.

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TITLE III – OTHER BENEFITS

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SEC. 301. BENEFITS PROVIDED TO VOLUNTEER FIREFIGHTERS AND EMERGENCY MEDICAL RESPONDERS.

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SEC. 302. EXPANSION OF SECTION 529 PLANS.

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TITLE IV—REVENUE PROVISIONS

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SEC. 401. MODIFICATION OF REQUIRED DISTRIBUTION RULES FOR DESIGNATED BENEFICIARIES.

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SEC. 402. INCREASE IN PENALTY FOR FAILURE TO FILE.

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SEC. 403. INCREASED PENALTIES FOR FAILURE TO FILE RETIREMENT PLAN RETURNS.

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SEC. 404. INCREASE INFORMATION SHARING TO ADMINISTER EXCISE TAXES.

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TITLE V-TAX RELIEF FOR CERTAIN CHILDREN

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SEC. 501. MODIFICATION OF RULES RELATING TO THE TAXATION OF UNEARNED INCOME OF CERTAIN CHILDREN.

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8213 - 352nd Street East

Eatonville, Washington 98328-8638

 

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