Page 153 - FebDefComp

certain plan (or IRA) related tasks,
including making contributions to qualified
plans and IRAs and completing rollovers.

Next Steps

As is often the case when new legislation is
introduced, Congress provides a remedial
amendment period affording employers a
period of time to amend their plans for the
new changes. Most plans have until the
last day of the plan year that begins in
2022 to adopt amendments relative to the
SECURE Act. Governmental plans and
collectively bargained plans have until the
last day of the plan year that begins in
2024.

MassMutual continues to monitor the
impact to plan sponsors of these legislative
changes and will offer additional
administrative support, as appropriate.

If you have questions about the
information in this white paper, or are
wondering what your ‘next steps’ might be
with respect to the SECURE Act, please
contact your MassMutual representative.

The information provided is not written
or intended as specific tax or legal
advice. MassMutual, its subsidiaries,
employees and representatives are
not authorized to give tax or legal
advice. Individuals are encouraged to
seek advice from their own tax or legal
counsel. The information provided
here is current as of January 1, 2020, is
provided for information purposes only
and is subject to change at any time.

© 2020 Massachusetts Mutual Life Insurance Company (MassMutual®), Springfield, MA 01111-0001.
All rights reserved. www.MassMutual.com.

RS4153x2 1217 CRN: RS-48317-00