Jewelie Grape served as panelist at ABA's Virtual 2021 Midyear Tax Meeting

Our firm's own Jewelie Grape was honored to be a panelist at the American Bar Association's Virtual 2021 Midyear Tax Meeting; Employee Benefits Self-Correction, Determination Letters and Other Administrative Practices Subcommittee. The panel's topic was Qualified Birth and Adoption Distributions: Status of Recordkeeper Implementation Efforts. The discussion focused on the new retirement plan distribution option created by the SECURE Act for qualifying births or adoptions. Even though plan sponsors were allowed to add the birth/adoption distribution feature to their plan on or after January 1, 2020, most plan sponsors have not yet added this feature because there were initially too many unanswered questions and because recordkeepers were not ready to implement this optional feature. #retirementplans#benefits#secureact