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

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.

This Part II will focus on plan design, distributions, tax credits and several miscellaneous changes, all of which impact decisions that plan sponsors must make regarding their existing plans and plans they are considering adopting.

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:

• Continued deep dive into provisions of the SECURE 2.0 Act with focus on advanced topics
• Key plan design changes and strategic considerations for plan sponsors
• Discretionary vs. mandatory provisions impacting plan structure decisions
• Updates to distribution rules, including Required Minimum Distribution (RMD) changes
• New flexibility in retirement income planning and withdrawal strategies
• Tax credits available to employers for starting or enhancing retirement plans
• Expansion of small business retirement plan incentives and credits
• Roth-related plan design enhancements and optional provisions
• Treatment of part-time employees and eligibility updates
• Continued deep dive into provisions of the SECURE 2.0 Act with focus on advanced topics

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