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SECURE 2.0 Act of 2022 makes significant changes to the legal and administrative compliance landscape for U.S. retirement plans. SECURE 2.0 provisions will impact how employers structure and administer their 401k plans, pension plans and employer-sponsored retirement plans.
The President signed the SECURE 2.0 Act, which was a part of the Consolidated Appropriations Act of 2023, a must pass appropriations bill. SECURE 2.0 includes more than 90 provisions and effective dates range from immediate to 2033. The Act is 3 times longer than the original.