On December 29, 2022, President Biden signed into law the “Consolidated Appropriations Act, 2023,” which included a major package of retirement savings provisions known as “SECURE 2.0 Act”
The SECURE 2.0 Act makes significant changes to 401(k), IRA, ROTH, and other retirement savings plans designed to help improve employees’ ability to save for retirement, expand access to retirement plans for small businesses, and ease plan administration for employers. Many of these changes do not go into effect until 2024 or 2025.
You can rest easy knowing that Integrity Data is closely monitoring the impact of the SECURE 2.0 Act and we are committed to making system and support changes to help our customers stay in compliance with the new laws.
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Last Review: 05/09/2023