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SECURE 2.0 – What Employers Need to Know

By Melissa Ostrower & Tia L. Martarella on April 5, 2022

Posted in 401(k) plan, 403(b), auto enrollment, Catch-Up contributions, EPCRS, Excise Tax, Part-time worker retirement plan participation, Plan Corrections, Required Minimum Distributions, SECURE 2.0, Student Loan Payments

On March 29, 2022, the House of Representatives passed the Securing a Strong Retirement Act of 2022 (“SECURE 2.0”, HR 2954). The vote was largely supported by both parties (414-5). The Senate will likely act on the bill later this spring. While we expect several changes in the Senate version, it is widely…