ADP Retirement Services - Boost Advisory Practice with Secure 2.0 and State Mandates (Currently Unavailable)

Author: Ron Ulrich

The aim of SECURE 2.0 Act of 2022 was to enhance retirement readiness for individuals by making it more attractive for employers to offer a retirement plan and for employees to save. SECURE 2.0 includes many provisions, some of which are currently in effect, while others will be implemented in the coming years.

This course will help boost your advisory services opportunities by examining critical provisions of this sweeping legislation impacting employers to flag for retirement services and explain options your business clients should consider to elevate their benefits offering. Especially, if they live in one of the 18 states with mandates for employers to enroll their workers in a state-sponsored retirement program or sponsor a plan of their own or potentially face penalties.

Publication Date: July 2024

Topics Covered

• America's retirement savings gap
• New legislative actions
• State-madated retirement plans
• SECURE 2.0 provisions
• Putting retirement into practice
• ADP resources

Learning Objectives

• Identify the changes affecting small business retirement plans
• Identify the legislative impacts on tax incentives and the effects on plan participants
• Identify practical advice and best practices as you and your clients continue to navigate this legislation
• Recognize and analyze the potential tax impact related to withdrawals by participants and beneficiaries under the SECURE 2.0 Act and new IRS regulations
• Identify active and pending retirement plan state mandates along with the pros and cons employers should weigh

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (1 hour)

Program Prerequisites
None

Advance Preparation
None