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What Employers Need to Know About SECURE 2 0 | Keating Muething & Klekamp PLL
The Senate ushered in the New Year with a bang by passing SECURE 2.0 on December 22, 2022. SECURE 2.0 includes many updates to the sweeping changes brought about under 2019’s original.
Retiree health life
Plan correction administration facilitation
Elective deferrals limited to regular contribution
Overfunded pension plan for retiree health
New year
Automatic enrollment
Part time worker coverage
Minimum distribution age increases
Catch up limit
Loan payments treated
Elective deferrals
Match purposes
Certain emergency
Dollar limit
Mandatory distributions
Year repayment period
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