The SECURE Act 2.0: The Most Impactful Provisions (#1–Automatic Plans)
Key Takeaways “New” 401(k) and 403(b) plans must be automatically enrolled, with automatic deferral increases, no later than the plan year beginning after December 31, 2024 (e.g., 2025 for calendar year plans). Any plan “established” on or after December 29, 2022 is considered a new plan. Defaulting participants must be invested in a QDIA. There […]