The SECURE 2.0 Act of 2022 was signed into law on December 29, 2022 to increase retirement savings, improve retirement rules, and lower employer costs of setting up a retirement plan. How is your organization’s retirement plan impacted? Here are some of the key features of this new law:
Plan sponsors must operationally implement these changes in accordance with the varying effective dates of the provisions, and the corresponding plan amendments should generally be adopted by the end of the 2025 plan year.
For more information, please contact one of our professionals.