If You Incent It, Will They Do It? a Hot Take on SECURE 2.0 and New Plans
This is Part 3 in a series covering key elements of SECURE 2.0, entered into law as part of the 2023 Appropriations Act (Division T).
We’ve just covered Automatic Enrollment and the Saver’s Match, one auto-feature, and one incentive with an auto-feature. Now we’ll focus on straight-out incentives to employers to start new plans.
Someday, Over the Rainbow: a Hot Take on SECURE 2.0 and the Saver’s Match
This is Part 2 in a series covering key elements of SECURE 2.0, as memorialized into law as part of the 2023 Appropriations Act (Division T) on December 29, 2022. We were still crying over our canceled flights, but it gave us plenty of time to read the Act.
In Division T alone we counted more than 40 new retirement-related provisions. We focused first on Automatic Enrollment, because it’s so impactful and we love it. This week we’ll hit the key features of the Saver’s Match – what qualifies, who gets the money, when, and where.
What’s Secure 2.0 Got to Do With It: a Hot Take on Automatic Enrollment
If you’re like us, you’re hearing the words “Secure 2.0” bandied about everywhere you go. The Secure 2.0 Act was memorialized into 2023 Appropriations Act (Division T), signed into law as you were picking crumpled wrapping paper off the floor and putting your sparkling into the fridge for New Year’s Eve. We are going to do a short series on some of the provisions, focusing on the ones that impact you, and retirement security, the most. We’ll start with our favorite: