Financial PlanningSECURE Act 2.0: Opportunities For 401(k) Plan Sponsors
This blog is geared towards 401(k) plan sponsors, but is informational for everyone.
By now, you have likely heard of the SECURE Act 2.0—also known as “SECURE 2.0”—either in the news or through your plan’s record keeper. The goal of SECURE 2.0 is to encourage individuals to save more for retirement by giving plan sponsors opportunities to help their participants save. For plan sponsors that want to optimize their plan, these changes provide opportunities to better help participants.
In this article, we highlight several of the key changes brought about by SECURE 2.0, how participants benefit from these changes, and how plan sponsors can use these changes to enhance their retirement plan offerings.