SECURE 2.0 Resource Center
Stay up to date on the Securing a Strong Retirement Act of 2022 (SECURE 2.0).
SECURE 2.0 Resource Center
Congress enacted the retirement plan legislation SECURE 2.0 in December 2022 as part of the Consolidated Appropriations Act, 2023 (the Act). It includes over 90 provisions, many of which affect employer-sponsored 401(k) plans. Employers should prepare to comply with the changes that are required.
Action steps for employers
- Review provisions and effective dates
- Adopt plan amendments
- Coordinate plan changes with the plan’s service providers
- Synchronize changes affecting deferrals and employer contributions with the company’s payroll provider
- Develop communications for employees
Related insights
Learn how SECURE 2.0 impacts you or your organization.
SECURE 2.0: Changes to catch-up contributions
SECURE 2.0 includes over 90 provisions, many of which affect employer-sponsored retirement plans and IRAs. This Alert focuses on the changes to catch-up contributions.
SECURE Act 2.0 provisions for individuals
President Biden signed the 2023 Consolidated Appropriations Act (CAA) into law on Dec. 29, 2022. Read our article for a summary of provisions for individuals.
SECURE 2.0: Changes to required minimum distribution rules
SECURE 2.0 includes over 90 provisions, many of which affect employer-sponsored retirement plans and IRAs. This Alert focuses on the changes to requirement minimum distributions.
SECURE 2.0 is passed by the House
The House passed SECURE 2.0, building on the first act, which passed in 2019 with the purpose of increasing participants in retirement savings plans as well as simplifying the process of contributing to plans.
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.