Legislation mandating additional reductions

Source: Cnbc.com, January 2018 Abstract: The new tax law's provision on pass-through businesses is proving to be one of the most challenging to dissect, and it's one that some retirement pundits are eyeing with concern.Some industry groups say the pass-through rules could become the most impactful part of the law for 401k plans.Source: Ascensus.com, January 2018 Abstract: The Act makes changes to the rules governing qualified plans (such as 401k plans and pension plans) and fringe benefit plans.These changes generally apply to plan years beginning after December 31, 2017. Source: Drinkerbiddle.com, January 2018 Abstract: The bipartisan bill clarifies and strengthens existing rules to make it easier for retirement plan sponsors to provide guaranteed lifetime income products as part of their employee benefits.Abstract: The Tax Cuts and Jobs Act passed at year end contained relatively few retirement plan-related provisions.However, upon closer review of the more than 1,000-page bill, some of the provisions were found to indirectly affect retirement.Effective for tax years beginning in 2018, the Tax Cuts and Jobs Act extends the rollover deadline from 60 days to the due date of the employee's tax return including extensions.Source: Retirementplanblog.com, January 2018 Abstract: Visa said on Monday it will strengthen contributions to employees' 401k savings plans, as a result of the recently passed GOP tax reform.

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Source: (registration may be required), January 2018 Abstract: President Trump signed into law the Tax Cuts and Jobs Act.Source: Asppa.org, January 2018 Abstract: A year-end bill could significantly change how retirement plans deliver participant and beneficiary communications.The Receiving Electronic Statements To Improve Retiree Earnings (RETIRE) Act would allow plan administrators to use electronic delivery as the default delivery method for virtually any required plan document.The bill aims to expand retirement plan coverage, preserve retirement income, and simplify retirement plan rules.Source: Ascensus.com, December 2017 Abstract: The bill makes very few benefits changes directly, although the change in the tax structure contained in the bill may affect retirement plan formation and maintenance.

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