In late December 2022 Congress passed a large omnibus budget bill which included the Secure Act 2.0. The Act includes many retirement plan changes that impact both individuals and employers over the next several years with the goal of improving and incentivizing retirement savings. The changes are complex and may be dependent on the number of employees in the business. Summarized below are a few of the major provisions impacting employers. Please note most employer plans will need to be amended to comply with some of the provisions. Key topics include: The Establishment of Starter 401k Plans Expansion of Automatic Enrollment SIMPLE Plan Changes Name* Email* PhoneTitle Company Industry EmailThis field is for validation purposes and should be left unchanged. Δ Download this pre-recorded webinar to obtain guidance from our professionals around best practices on how to plan accordingly for these new changes occurring to retirement plans.
