Key Retirement Plan Changes Under the SECURE Act
Increase in RMD age and subsequent updates under SECURE 2.0
Highlights for Sponsors
Increase in RMD age and subsequent updates under SECURE 2.0
Long‑term, part‑time employee eligibility expansion
Enhanced small‑employer credits and pooled plan options
Operational Impacts
Sponsors should amend documents, update eligibility tracking, and communicate changes to participants. Recent IRS guidance continues to clarify effective dates and mechanics for long‑term, part‑time workers.
Action Plan
Coordinate with counsel/TPA to confirm adoption of timely amendments and operational alignment.
Plan Sponsor Action Checklist
Checklist
Update eligibility systems for long‑term, part‑time rules.
Checklist
Review amendment status and effective dates with counsel.
Checklist
Prepare participant communications summarizing changes.
Talk to our team
References
- IRS Notice 2024‑73 on long‑term, part‑time; IRS/DOL SECURE/SECURE 2.0 updates.