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Spectrum Resource Center

Advice, Articles, Events, Insights, News, Newsletters, Opinions, Press Releases, Updates, and More from Spectrum.

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How the SECURE 2.0 Act will Impact your Retirement Plan Starting in 2025 and Beyond

It is no surprise that the SECURE 2.0 Act continues to dominate the headlines. After all, it is one of the most significant pieces of retirement reform in decades. This Act will not only help employees obtain access to a workplace retirement plan, but it will also allow them to save more once enrolled in the plan.
May 11, 2023 By Nick Stucko SECURE 2.0 Act SECURE, SECURE 2.0 Act, Retirement Plan Legislation, 401(k), Pension   Comments Read More >>
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How the SECURE 2.0 Act will Impact your Retirement Plan in 2024

As the SECURE 2.0 Act makes its way through the headlines, plan sponsors may start to feel overwhelmed by the many provisions contained within this Act. To help alleviate some of this concern, plan sponsors may want to focus on the provisions that are both mandatory and will be effective within the next 2 years.
February 24, 2023 By Nick Stucko SECURE 2.0 Act SECURE, SECURE 2.0 Act, Retirement Plan Legislation, 401(k), Pension   Comments Read More >>
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How The SECURE 2.0 Act Will Impact Your Retirement Plan in 2023

On December 29, 2022, the Consolidated Appropriations Act of 2023 was signed into law which included the highly anticipated Securing a Strong Retirement Act (SECURE 2.0). This Act brings major changes to the U.S. Retirement System and builds upon the enhancements that were implemented under the SECURE Act of 2019.
January 30, 2023 By Nick Stucko SECURE 2.0 Act SECURE, SECURE 2.0 Act, Retirement Plan Legislation, 401(k), Pension   Comments Read More >>
COVID-19 Masks

Encouraging Plan Participation During the Pandemic | Retirement & Coronavirus Trends | Legislative Highlights

As the coronavirus pandemic has impacted the economics, finances, and health of many Americans, retirement plan participants may be evaluating continued participation in retirement plans. Learn more about how to encourage plan participation during the pandemic along with trends for plan sponsors and retirement plan participants during COVID-19.
August 20, 2020 By Petros Koumantaros Newsletter covid, covid19, covid-19, engagement, participation   Comments Read More >>
Older Employees in the Workforce

Older Employees in the Workforce | The SECURE Act | COVID-19 + CARES Act | Legislative Highlights

While Millennials have been the focus of much of the discussion around the evolution of the workplace, the U.S. Bureau of Labor and Statistics reports that the number of employees aged 65 and older has increased nearly 70% in the last decade. Learn more about these demographic trends plus more on the SECURE Act, the CARES Act, and what plan sponsors need to know about COVID-19.
May 19, 2020 By Petros Koumantaros Newsletter covid, covid19, covid-19, secure act, the secure act, cares act, the cares act, workforce, demographics, older employees   Comments Read More >>
COVID-19 Retirement Plan Help

COVID-19 Retirement Plan Help and the CARES Act

The President recently signed into law the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"). The CARES Act amends and introduces new retirement plan provisions to support employers and plan participants. Spectrum's Consultants have gone through the CARES Act and summarized the retirement plan changes for you. We invite you to contact us to help you or your plan participants further.
March 31, 2020 By Petros Koumantaros Announcements cares act, cares, covid19, covid-19, relief, retirement plan relief   Comments Read More >>
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ERISA Workplace Retirement Plan Limits

The federal government annually publishes updated qualified retirement plan limits, which impact the contributions, benefit accruals, and compliance of ERISA covered qualified retirement plans. The below tables summarize the most significant changes in recent history.