Model Lifetime Income Illustration for Defined Contribution Plans | Practical Law

Model Lifetime Income Illustration for Defined Contribution Plans | Practical Law

A model lifetime income illustration required under the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act). The SECURE Act requires defined contribution plans to provide participants with lifetime income illustrations annually to help prepare for retirement. This Standard Document has integrated notes with important explanations and drafting tips.

Model Lifetime Income Illustration for Defined Contribution Plans

Practical Law Standard Document w-032-4434 (Approx. 7 pages)

Model Lifetime Income Illustration for Defined Contribution Plans

by Practical Law Employee Benefits & Executive Compensation
MaintainedUSA (National/Federal)
A model lifetime income illustration required under the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act). The SECURE Act requires defined contribution plans to provide participants with lifetime income illustrations annually to help prepare for retirement. This Standard Document has integrated notes with important explanations and drafting tips.