The IRS issued a notice Wednesday that will extend the deadline for amending retirement plans and individual retirement arrangements under the 2019 SECURE Act (Pub.L. 116-94).
The SECURE Act sought to create new avenues for private-sector businesses to establish retirement plans and amended the rules to make it easier for workplace investors to save.
- Non-governmental plans will have until Dec. 31, 2025, to make those amendments, according to an IRS notice that will be published in an Internal Revenue Bulletin on Aug. 22.
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.