More than two years after the passage of the sweeping SECURE 2.0 Act of 2022, plan sponsors are still talking about many of the optional provisions—and implementing some of them.
Rob Massa, a managing director at Prime Capital Financial, said plan sponsors have found that some provisions are relatively easy to implement within the current plan infrastructure. He points to the higher catch-up contributions for participants aged 60 through 63, which are mandatory for plans that already allow catch-ups, as an example.
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