MVP Plan Administrators, Inc. Logo
  • HOME
  • HOW WE HELP
    • BUSINESS OWNERS
    • ADVISORS
    • HR REPS
  • WHO WE ARE
    • WHAT WE DO
    • HISTORY
    • MEET THE MVPers
    • CAREERS
  • EDUCATION
    • EDUCATION
    • FAQS
    • PLAN RESOURCES
    • NEWS & BLOG
    • WHITEPAPERS
  • CONTACT
  • LOGIN
    • PARTICIPANT LOGIN
    • ADVISOR LOGIN
    • SPONSOR LOGIN
    • MVP INVOICE LOGIN

SECURE 2.0 – Information Overload – MVP Breaks it Down!

Friday, September 08, 2023 | By: MVP Plan Administrators, Inc.

Share

SECURE 2.0 – Information Overload – MVP Breaks it Down! 

The SECURE 2.0 Act of 2022 (SECURE 2.0) became law on December 29, 2022.  SECURE 2.0 builds upon the Setting Every Community Up for Retirement Enhancement Act (the SECURE Act) passed in 2019.  SECURE 2.0 contains over 90 provisions that overhaul retirement accounts. 

The intent of SECURE 2.0 is to modernize the retirement system, encourage increased retirement savings, and reduce the administrative burden on plan sponsors.  Unfortunately, the intent has not yet matched the outcome.  Industry professionals have been clamoring for IRS guidance on how to implement these new provisions in practice.  In response, the IRS keeps wavering and pushing items back on the timeline.  At this point, we all have a lot of information and very little IRS guidance on how to implement it. 

During the upcoming months, MVP Plan Administrators will release a series of articles to help plan sponsors understand the law’s provisions.  As IRS guidance unfolds, we are prepared to help you to take proactive steps toward the implementation of these new rules and assist you in determining how they apply to your retirement plan.

Fortunately, SECURE 2.0’s provisions roll out gradually and only a few of take effect before 2024.  The timeline below includes some of the more noteworthy provisions and the years in which they take effect:

Eager to learn more right away?  Click this link to access an excellent in-depth analysis of Secure 2.0 by Pinnacle Plan Design, LLC, a valued and trusted partner of MVP and the entire retirement plan industry.

Download PDF version of this article
Previous Post Next Post

Related Posts

Educational Spotlight - SECURE 2.0 - Section 603 Catch-Up as Roth

December 27, 2023

Important Plan Update Regarding SECURE 2.0 Super Catch-Up Contribution Limits

November 11, 2024

Educational Spotlight - SECURE 2.0 - Section 304

December 11, 2023

Automatic Contributions Made Easy

October 24, 2024

Archive

Go

Tags

2020 deduction limits 2021 deduction limits 2022 deduction limits 2023 deduction limits 401k aca contributions made easy blogs & articles christmas 2017 covid 19 deduction limits erisa innovations latest innovation retirement savings mvp newsletter 18-19 mvpers of the month newsletter overcoming common errors in retirement plans planning quarterly recap retirement plan notices

SUCCESS!

Thanks for your interest!

View Receipt View Submission
Stay Informed
Sign up for the latest MVP Plan Administrators news and updates!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

SUCCESS!

Thanks for your interest!

View Submission
Leave this field empty
Copyright © 2023 MVP Plan Administrators. All rights reserved.
Privacy Policy
Crafted by Zibster
MVP Plan Administrators, Inc. Logo
  • HOME
  • HOW WE HELP
    • BUSINESS OWNERS
    • ADVISORS
    • HR REPS
  • WHO WE ARE
    • WHAT WE DO
    • HISTORY
    • MEET THE MVPers
    • CAREERS
  • EDUCATION
    • EDUCATION
    • FAQS
    • PLAN RESOURCES
    • NEWS & BLOG
    • WHITEPAPERS
  • CONTACT
  • LOGIN
    • PARTICIPANT LOGIN
    • ADVISOR LOGIN
    • SPONSOR LOGIN
    • MVP INVOICE LOGIN