ADP Retirement - SECURE 2.0 Act of 2022 Overview

Author: Ronald Ulrich

Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2026 to receive credits

SECURE 2.0 Act of 2022 is important legislation that is sure to reshape the structure of most 401(k)s and make it easier for Americans to save for retirement. This course will highlight key provisions that are part of the SECURE 2.0 Act, discuss how that impacts employers and employees, and take a deeper dive into which provisions are mandatory and which are optional.

Publication Date: February 2023

Topics Covered

• The Retirement Dilemma
• The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act)
• SECURE 2.0 Act of 2022 (SECURE 2.0 Act)
• Increased Tax Incentives for New Plans
• Automatic Enrollment
• Expand Catch-up Contributions
• Student Loan Match
• Required Minimum Distribution (RMD)
• Expedite Long-term, Part-time Employee Participation
• Employer Match and NEC as Roth
• Emergency Savings
• Emergency Withdrawals
• Qualified Disaster Withdrawals
• Additional Provisions

Learning Objectives

• Describe the important provisions signed into law with the SECURE 2.0 Act of 2022
• Recognize and analyze the potential tax impacts related to withdrawals by participants and beneficiaries under the Secure 2.0 Act and new IRS Regulations
• Identify the changes affecting small business retirement plans including long-term/part-time employees
• Identify the legislative impacts on tax incentives and its effects on plan participants

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (1 hour)

Program Prerequisites
Basic understanding of retirement plans.

Advance Preparation
None