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ARTICLE · 20 NOVEMBER 2023

Diving Into SECURE 2.0: Important ESOP Updates

Foley & Lardner LLP
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The SECURE 2.0 Act of 2022 (SECURE 2.0) significantly changes the legal and administrative compliance landscape for U.S. retirement plans.

United StatesEmployment and HR
Gage M. Maurer
Gage M. Maurer
Michael Abbott
Michael Abbott
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The SECURE 2.0 Act of 2022 (SECURE 2.0) significantly changes the legal and administrative compliance landscape for U.S. retirement plans. Foley & Lardner LLP is authoring a series of articles that take a "deep dive" into key SECURE 2.0 provisions that will affect how employers structure and administer their 401(k) plans, pension plans, and other types of employer-sponsored retirement plans.

If you've been following our Diving Into SECURE 2.0 series of articles, you're well aware of the many ways SECURE 2.0 affects retirement plan administration and structure. For the most part, the SECURE 2.0 changes we've covered (including – but not limited to – RMD changes, student loan matching, and rules simplifying plan administration) apply to all defined contribution retirement plans.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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