SECURE 2.0 – What you need to know
The SECURE 2.0 Act of 2022 seeks to increase retirement savings and expand coverage to employer-sponsored retirement plans. New provisions such as mandatory automatic enrollment, higher catch-up contributions for older workers, and part-time workers 401(k) eligibility are intended to support higher plan participation, address longevity risks, and improve retirement readiness among Americans. Below are some of the key impacts The R.O.W. Group interprets to be the most applicable to their Plan Sponsors and their Participants.
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