SECURE 2.0 Now

Benefits and executive compensation partner Heather Bader participated in PLANADVISER webinar, SECURE 2.0 Now.

noted provisions with immediate impact, including the elevation of maximum cash-out thresholds for emergency savings and the introduction of emergency savings account withdrawals for personal crises. She shared that there will be an uptake in automatic enrollment for new plans beginning after 2023. Starting in 2025, they will need to be automatically enrolling new participants between 3% and 10%.

The webinar covered how SECURE 2.0 provisions are progressing in 2024 and any hiccups or concerns being seen by plan advisers and their clients.