Key Effective Dates and Provisions
Several SECURE 2.0 provisions phase in between 2024 and 2026. Understanding which rules apply this year is essential for maintaining compliance and avoiding operational errors.
High‑impact items include updated catch‑up contribution rules, mandatory automatic enrollment for certain new plans, and enhancements to long‑term part‑time employee eligibility.
Operational Readiness and Documentation
Plan sponsors should review their plan documents, service agreements, and administrative procedures to confirm they align with the latest SECURE 2.0 requirements.
Work closely with your recordkeeper, third party administrator, and 3(16) plan administrator to confirm that payroll feeds, eligibility tracking, and participant communications properly reflect the new rules.
Action Steps for Plan Committees
Establish a documented SECURE 2.0 implementation roadmap, including ownership, timelines, and required approvals.
Schedule periodic check‑ins with your fiduciary partners to review compliance status, outstanding gaps, and any additional opportunities to enhance participant outcomes using the new provisions.