SECURE 2.0 Provisions and Priorities for Defined Contribution Plans
Help clients prioritize the key provisions of the SECURE 2.0 Act for their defined contribution plans, guiding them through the most impactful changes, helping them comply with the provisions.
Key Points
- Key Provisions for 2023: Educate clients on the SECURE 2.0 provisions applicable in 2023, such as the increase in age for required minimum distributions and the availability of 403(b) MEPs/PEPs.
- Changes for 2024: Assist clients in complying with the provisions effective in 2024, including the exemption of designated Roth account assets from RMDs and the increase in cashout dollar limits.
- Priorities for 2025 and Beyond: Provide insights on the provisions set to take effect in 2025 and later, such as expanding automatic enrollment in retirement plans and improving coverage for part-time workers.