S. Setting

E. Every

C. Community

U. Up for

R. Retirement

E. Enhancement

Major Provisions


•Make it easier for small businesses to set up 401(k)’s by increasing the cap under which they can automatically enroll workers in “safe harbor” retirement plans, from 10% of wages to 15%.

•Provide a maximum tax credit of $500 per year to employers who create a 401(k) or SIMPLE IRA plan with automatic enrollment.

•Enable businesses to sign up part-time employees who either work 1000 hours throughout a year or have three years with 500 hours of service.

•Encourage plan sponsors to include annuities as an option in workplace plans by reducing their liability if the insurer cannot meet its financial obligations.

•Push back the age at which retirement plan participants need to take RMD’s (required minimum distributions), from 70½ to 72, for those who are not 70½ by the end of 2019.

•Allow the use of 529 plans for qualified loan repayments (up to $10,000 annually).

•Permit penalty free withdrawals of $5,000 from 401(k) accounts to defray the costs of having or adopting a child.

•Encourage employers to include more annuities in 401(k) plans by removing their fear of legal liability if the annuity provider fails to provide an also not requiring them to choose the lowest cost plan.

•The removal of a provision known as the stretch IRA, which has allowed non-spouses inheriting retirement accounts to stretch out disbursements over their lifetimes.

•The new rule require a full payout from the inherited IRA within 10 years of the death of the original account holder.


Phone: (330) 499-1915

          (877)  531-1918

Fax:      (330) 499-2922

Address: 5876 Fulton Drive NW. 

             Canton, OH, 44718

Securities & Advisory Services Offered Through: Packerland Brokerage Services, Inc., an unaffiliated entity.