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ARTICLE · 09 NOVEMBER 2023

Webinar Key Takeaways: Feeling Insecure About SECURE 2.0? A Discussion For Retirement Plan Sponsors (Video)

Foley & Lardner LLP
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SECURE 2.0 significantly changed the legal and administrative compliance landscape for retirement plans. Foley recently hosted a webinar where Leigh Riley, Kathleen Bardunias...

United StatesEmployment and HR
Leigh Riley
Leigh Riley
Kathleen Dreyfus Bardunias
Kathleen Dreyfus Bardunias
Kelsey A. O'Gorman
Kelsey A. O'Gorman
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SECURE 2.0 significantly changed the legal and administrative compliance landscape for retirement plans. Foley recently hosted a webinar where Leigh Riley, Kathleen Bardunias, and Kelsey O'Gorman discussed key provisions of SECURE 2.0 that will impact your 401(k) and pension plans. They provided insights and suggestions for administering your company-sponsored retirement plans in light of these new rules and related best practices. Here are some of the key takeaways from the discussion:

  • The original SECURE Act passed in 2019 increased the required minimum distribution (RMD) age from 70.5 to 72. SECURE 2.0 again increases the RMD age to 73 or 75 for some participants. New RMD ages are set forth in the chart below.

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