Navigating the Complexities of SECURE 2.0: Ensuring Compliance for Long-Term Part-Time Employees
Help clients understand the impact of SECURE 2.0 on long-term part-time (LTPT) employees and guide them through eligibility rules, ensuring compliance with new regulations.
- Understanding LTPT Eligibility: Educate clients on the differences between SECURE 1.0 and SECURE 2.0 rules for long-term part-time employees, emphasizing the need to apply the three-year eligibility rule for 2024.
- Compliance: Help clients navigate the complexities of SECURE 2.0, keeping their retirement plans compliant with both mandatory and optional provisions for LTPT employees.
- Maximizing Plan Benefits: Provide clients with insights on how to effectively integrate LTPT employees into their retirement plans, enhancing overall employee satisfaction and retention.
Navigating the Complexities of SECURE 2.0: Ensuring Compliance for Long-Term Part-Time Employees
The SECURE 2.0 Act introduced the long-term part-time (LTPT) employee provision, changing retirement plan eligibility requirements for certain employees. Jump into our SECURE 2.0 Highlights series to understand how this provision applies and is different than original SECURE Act rules.
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.