SECURE 2.0, Update, What was Changed and What was Added, Part I

This program, in Parts I and II, will review over forty changes and additional provisions of SECURE 2.0 and guidance issued by the IRS over the last few years. Some of the changes are mandatory and some are at the discretion of the plan sponsor.

Part I of the program will provide effective dates, and, where appropriate, examples to illustrate the changes and will focus on compliance and new contribution provisions including the new requirement for paper statements, family attribution and its impact on non-discrimination testing, the new Saver’s match and student loan repayment match and many others.

Many of the changes will be illustrated with examples including determination of Top-Heavy and the ability of participants to receive employer contributions and matching contributions as Roth contributions. Part II will focus on plan design, distributions, tax credits and several miscellaneous minor changes.

Why you should Attend: If you are an advisor, financial, tax or otherwise, this information is important to your clients and offers many valuable opportunities that are available in their retirement plans.

Participants will become familiar with all the key changes included in SECURE 2.0 and guidance issued by IRS clarifying many of those changes and the application of those plan design features allowing them to be sufficiently familiar with the options available to discuss the basis on which their clients can decide to include the discretionary provisions and comply with the mandatory provisions.

Areas Covered in the Session:

• Overview of SECURE 2.0 Act and its overall impact on retirement plans
• Key updates, additions, and regulatory intent behind SECURE 2.0
• Mandatory vs. discretionary provisions: what plan sponsors must do vs. can choose to implement
• IRS guidance and clarifications issued post-enactment
• Effective dates and phased implementation timelines for various provisions
• Changes impacting retirement plan compliance requirements
• New contribution-related provisions and expanded savings opportunities
• Introduction of the Saver’s Match and eligibility considerations
• Student loan repayment matching contributions and how they work
• Overview of SECURE 2.0 Act and its overall impact on retirement plans

• Any Financial Advisor, Whether Tax, Planning or Investments, will benefit by offering their clients a wealth of opportunities that will positively impact their planning