We are pleased to announce that the SECURE 2.0 Act mandatory and discretionary amendments are now available for implementation. As part of our commitment to keeping your retirement plan compliant and optimized, our firm will begin the proactive process of amending all client plans to reflect these legislative changes.
What is the SECURE 2.0 Amendment?
The SECURE 2.0 Act, signed into law to expand retirement coverage and increase savings, requires formal plan document updates to align with new federal regulations. This amendment
incorporates several key provisions, including:
∙Increased RMD Age: Adjustments to the Required Minimum Distribution age (currently
73, rising to 75 in 2033).
∙Higher Catch-up Limits: New “super” catch-up contribution limits for participants aged 60–63.
∙Roth Requirement Changes: Mandatory Roth treatment for catch-up contributions for high-earners (effective 2026).
∙Expanded Automatic Enrollment: New requirements for most plans established after December 2022.
∙Optional Provisions: Flexibility for student loan matching, emergency savings accounts,
and expanded hardship withdrawal rules.
Our Process
Our team will be reaching out to plan sponsors to provide the necessary restatement documents for execution.
