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On April 16, 2019, Colorado Senate Bill 19-088, adopting the Colorado Revised Uniform Unclaimed Property Act, (“CO RUUPA”) was signed by Colorado Governor Jared Polis. The new legislation is scheduled to take effect on July 1, 2020. Among the more notable provisions in the new CO RUUPA is the absence of the standard holder reporting deduction (typically 2% or $25, whichever is greater), the reduction of many dormancy periods from […]

Yesterday the “Setting Every Community Up for Retirement Enhancement Act of 2019’’, known as the “SECURE Act” was introduced in the House of Representatives to amend sections of the Internal Revenue Code impacting retirement savings plans.  Some of the more significant proposals include: An increase in the cap for automatic enrollment safe harbor after 1st plan year from 10% to 15% Changes the non-elective contribution 401(k) safe harbor with the […]