SECURE 2.0

SECURE 2.0 Act: Catch-Up Contributions and Additional Roth Options

Form 8915-F is a draft of the redesigned version of Form 8915 that is to be used for participants to report distributions due to qualified disasters.

As we continue to evaluate the optional provisions of the SECURE 2.0 Act, we were interested in learning more about what provisions plan sponsors are interested in adopting.

Here’s a summary of the key changes for 2025 that financial advisors and plan sponsors need to know.

MEPs and PEOs have been around for many years. SECURE 2.0 expanded on these types of plans by introducing PEPs.

Thanks to SECURE 2.0, for plan years beginning after December 29, 2022, employers that sponsor 401(k) or 403(b) plans may offer employees a “de minimis” financial incentive.

SECURE 2.0 Act provisions related to required minimum distributions.

On December 20, 2023, the IRS released guidance on several provisions of the SECURE 2.0 Act.

SECURE 2.0 made technical corrections to the long-term/part-time rules.

On August 25, 2023, the IRS released Notice 2023-62.