Description

The SECURE 2.0 Act of 2022 was signed into law in the waning days of 2022.  But there are some things that need fixing – and some things you may have overlooked.  Nevin (Adams) and Fred (Reish) highlight five key areas calling for attention.

The short list of things covered in this episode:

• Deleted legislative text that could undermine catch-up contributions
• A typo(?) that could impact required minimum distribution (RMD) timing.
• Required vesting on employee elected Roth treatment of employer contributions
• Mandatory automatic enrollment on new plans – but not till 2025 – and with (potentially) rolling effective dates after that

Episode Resources

The What’s and When’s of SECURE 2.0  https://www.napa-net.org/news-info/daily-news/what%E2%80%99s-and-when%E2%80%99s-secure-20

Key SECURE 2.0 Act Provisions and Effective Dates  https://www.napa-net.org/news-info/key-secure-20-act-provisions-and-effective-dates

Major SECURE 2.0 Error Puts Catch-Ups in Jeopardy  https://www.napa-net.org/news-info/daily-news/major-secure-20-error-puts-catch-ups-jeopardy-ara%E2%80%99s-graff