2023 Tax Legislation: The Secure Act 2.0

• Understand the newest tax developments contained in in the Secure Act 2.0.
• Become knowledgeable about the new provisions modifying the administration of employer retirement plans.
• Learn about the expanded contribution and catch-up limits for individuals.
• Obtain understanding on the new required beginning dates for distributions.
• Understand the newest developments on required minimum distribution dates.

• Implications for individuals
• Changes to the Saver’s Credit
• Changing the required minimum distribution rules for Roth 401(k)s
• Changes to required beginning dates for required minimum distributions of retirement plans.
• Penalty-Free Withdrawals for Certain Emergency Expenses
• Special provisions for firefighters and military personnel spouses
• Increases in catch-up contributions
• Impact on 529 plans
• Opportunities for student loan payment matching
• Implications for Employers
• Starter § 401(k) plans for small employers
• Requiring automatic 401(k) enrollment
• Improving worker access to emergency savings
• Increasing part-time workers’ access to retirement accounts
• Statute of Limitations on excise taxes imposed on overcontributions to retirement plans
• Multiple employer §403(b) plans
• Automatic portability provisions
• Other changes in the administration of company retirement plans