The deadline to adopt required amendments for several types of retirement plans is nearing. As discussed below, sponsors of many types of retirement plans must adopt amendments to reflect required and optional changes to plan operations made by several laws by Dec. 31, 2026.
If you sponsor a retirement plan, you are probably already familiar with the changes made by Division T of the Consolidated Appropriations Act, 2023 (SECURE 2.0 Act) and Divisions M and O of the Further Consolidated Appropriations Act, 2020 (SECURE Act) that came before it. What you may not know is that while many compliance deadlines associated with these laws have already passed, the IRS allows plan sponsors to wait until later to formally update their plan documents. In fact, SECURE 2.0 included a provision to consolidate the deadline to amend plan documents for several different laws—SECURE 2.0 Act, SECURE Act, Coronavirus Aid, Relief and Economic Security Act (CARES Act), Bipartisan American Miners Act of
