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What Plan Sponsors Need to Know about SECURE 2.0

Are you a plan sponsor looking to navigate the complexities of the SECURE 2.0 Act? This comprehensive guide is designed to provide you with the essential information you need to understand the impact of the latest retirement plan regulations. With the SECURE 2.0 Act being a significant expansion of the original SECURE Act of 2019, it's crucial for plan sponsors to stay informed. This guide offers a detailed overview, including key changes and tips for compliance.

Understanding the SECURE 2.0 Act

The SECURE 2.0 Act, included in the Consolidated Appropriations Act (CAA) of 2023, builds upon the original SECURE Act by enhancing retirement plan provisions. This guide delves into the nuances of the new act, highlighting its implications for plan sponsors. By understanding these changes, you can better prepare your organization to comply with the latest regulations. Key features include expanded retirement plan options, improved access to retirement savings, and enhanced tax incentives.

Benefits and Practical Uses

This guide is tailored to help plan sponsors like you navigate the SECURE 2.0 Act effectively. Here's what you can expect from this resource:

• Compliance: Stay ahead of the curve with an in-depth understanding of the new regulations.
• Insights: Gain valuable insights into the changes that could impact your retirement plans.
• Strategies: Learn practical strategies to prepare your plan for compliance with the SECURE 2.0 Act.

This guide is an invaluable tool for any plan sponsor looking to ensure their retirement plans are in line with the latest legislation. Whether you're a small business owner or part of a large corporation, understanding the SECURE 2.0 Act is essential for maintaining compliance and supporting your employees' retirement savings.