What do retirement plan professionals and participants need to know about the recently passed SECURE 2.0 Act of 2022? In this webinar replay, McDermott’s Employee Benefits team discusses the many changes to retirement plans and individual retirement accounts, including the key changes for 401(k), 403(b) and defined benefit plans as well as other changes impacting health and welfare plans. Discussion topics include the following:

1. Automatic plan enrollment and escalation
2. Allowance of matching contributions for elective deferred student loan repayments
3. Emergency savings option
4. Expansion of Roth account contributions
5. Automatic cashout, hardship and disaster changes
6. Penalty-free distributions
7. Changes to required minimum distributions

Access the webinar.

Access the webinar’s slides.

Read the On the Subject about SECURE 2.0 here.

Join partners from McDermott’s Employee Benefits team on Wednesday, January 25, 2023, as they discuss the impact of the recently passed SECURE 2.0 Act of 2022. With over 90 changes to retirement plans and individual retirement accounts (IRAs), this webinar will highlight the key changes for 401(k) and 403(b) plans and defined benefit plans, as well as changes in the Consolidated Appropriations Act, 2023 impacting health and welfare plans.

Topics Include:

1. Automatic Plan Enrollment and Escalation
2. Allowance of Matching Contribution for Elective Deferred Student Loan Repayments
3. Emergency Savings Option
4. Expansion of Roth Account Contributions
5. Automatic Cashout, Hardship and Disaster Changes
6. Penalty-Free Distributions
7. Changes to Required Minimum Distributions

To learn more, read the full On the Subject here.

REGISTER FOR THE WEBINAR HERE.