Secure Act 2.0

After a lot of excitement, Congress finally passed the Consolidated Appropriations Act which included several new retirement plan legislations. The SECURE Act 2.0 and other provisions strive to expand access to retirement plans, increase retirement savings, help American’s preserve income and streamline retirement plan rules.

With over 92 different retirement plan provisions, we want to make it easier for employers, fiduciaries and administrators to digest. In this summary, we focus on the most common sections that are most applicable in your leadership position. Lets work together to secure a bright future.

EFFECTIVE IMMEDIATELY 2023

• Roth Employer Contributions 
• Small Incentives for Contributing to a Plan
• Tax Credits

AVAILABLE IN 1 year EFFECTIVE 2024

•  Roth-Required Catch-Up Contributions
• RMDs Not Required for Roth 401(k) and 403(b) Accounts
• Emergency Withdrawals
• Matching Student Loans
• Force-Out Rollover Limit
• Automatic Portability
• “Side Car” Emergency Savings Account

AVAILABLE IN 2 YEARS EFFECTIVE 2025

• Improving Retirement Plan Access for Part-Time Workers
• Automatic Enrollment and Escalation | Retirement Savings on Autopilot
• Higher Catch-Ups for 60 – 63 Year Old Employees

AVAILABLE in 4 YEARS EFFECTIVE 2027

•  Enhance and Promote Saver’s Match