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Key provisions affecting employer-sponsored retirement plans under Secure 2.0

2023 year-end tax planning

Enacted in December 2022, Secure 2.0 is a significant piece of retirement legislation containing over 90 provisions affecting retirement arrangements, particularly impacting employer-sponsored retirement plans and expanding on key retirement-related regulations. Employers have until 2025 to make retirement plan amendments. However, plans must be operationally compliant with the required provisions and any optional provisions that are implemented.

This video update, with Christine Faris and Devin Tenney, provides an overview of the key provisions of Secure 2.0 and offers guidance to employers on how to navigate these changes, make informed decisions and ensure compliance with the new regulations.

If you have any questions about how the provisions in Secure 2.0 affect your plan or need further information, please reach out to your Baker Tilly advisor.

The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.

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