SECURE 2.0 Highlights: Employer Roth Contributions
Help clients understand the implications of IRS Notice 2024-02 and unpack the new Roth employer contribution rules, including key distinctions from in-plan Roth conversions. Learn how these updates may impact plan design, tax planning strategies, and client conversations around retirement savings.
- Assessing tax impact: Help clients understand how Roth employer contributions may affect their taxable income and long-term retirement strategy.
- Navigating compliance requirements: Guide clients through the administrative and regulatory considerations when implementing Roth employer contributions in their plans.
- Anticipating policy shifts: Prepare clients for potential changes in retirement plan structures by interpreting the broader implications of the IRS’s guidance.
The SECURE 2.0 Highlights video series offers a concise exploration of the act's various provisions and crucial mandates for employers and retirement savers. We dissect the array of plan options and plan design benefits introduced by the SECURE 2.0 Act, including the simplification of tax planning through employer Roth contributions and key clarifications for streamlined implementation of the requirements.
For an in-depth understanding of the SECURE 2.0 Act, visit Ascensus' dedicated resource center.
Ascensus is a market-leading enabler of tax-advantaged savings—providing technology, services, and expertise that help more than 15 million people save for a better future.
The company is a premier savings program service provider, third-party administrator, and government savings facilitator. Our platforms, industry knowledge, and data-based insights enhance the growth and success of our partners, their clients, and savers through co-branded, private-labeled, and governmental partnerships.
Ascensus offers comprehensive qualified and non-qualified retirement plan solutions, third-party retirement plan administration, 529 education and ABLE savings program administration, corporate- and bank-owned life insurance solutions, and fiduciary and total rewards services. The company’s brands include Ascensus; Newport, an Ascensus company; and FuturePlan by Ascensus.