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Changes to Retirement Plans under SECURE 2.0

SECURE 2.0 Act was signed by President Biden. The Act makes changes affecting retirement plans. Here are the changes of interest to larger plan sponsors. Any plan amendments needed as a result must be adopted by the last day of the 2025 plan year, unless extended by DOL or IRS.
Revenue Service Pension Benefit Guaranty Corporation Department Of Labor President Biden Internal Revenue Service Cashout Limit

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