SECURE 2.0 Resource Page

Three years after the SECURE Act was tacked onto the 2019 year-end omnibus spending bill, Congress went for a curtain call to enact SECURE 2.0, which was signed into law on December 29, 2022.

At around 400 pages, here is a very quick rundown of what’s included.

• 92 new provisions
• 6 new types of distributions
• 10 new annual limits to track
• 4 new or updated tax credits
• 2 new types of plans
• 6 provisions involving Roth contributions
• 8 provisions on required minimum distributions
• 4 provisions related to annuities

That doesn’t include a handful of provisions on automatic enrollment, a few that get into the nondiscrimination testing weeds, about a half dozen involving participant notices plus a hodge podge that address ESOPs, 457 plans and IRAs.

If you’ve followed DWC for any amount of time, you know that we are not ones to take headlines or conventional wisdom at face value without a more critical look.  That’s what we plan to do here.

Future posts will take a more in-depth look at some of these new provisions to highlight the positives and identify some of the potential traps for the unwary.  If there is an easier way to accomplish a similar result, we will explore that also.  Our goal is to provide truly practical analysis to help you understand which of these provisions might make sense for you.