SECURE 2.0 2023 Governmental Plan Implementation FAQs

Summary

We continue our webinar series on SECURE 2.0 frequently asked questions and governmental plan implementation of the provisions. Leading experts Erica McFarquhar, Managing Vice President, Deputy General Counsel at MissionSquare, and Mike Hadley, Partner at Davis & Harman LLP, provide the latest responses to your questions and next steps you may need to take in 2023 and beyond.

IMPORTANT NOTICE: Shortly after this webinar was recorded, the IRS announced a two-year administrative transition period (delay) that allows employers until 2026 to comply with the new SECURE 2.0 Roth catch-up mandate. Learn more in IRS Notice 2023-62.

Disclaimer: SECURE 2.0 is evolving and new guidance continues to be shared. Information presented in this webinar reflects our understanding of the act and provisions at the time it was recorded on Aug. 25, 2023.