On December 29, 2022, the President signed into law the SECURE 2.0 Act of 2022 (“Secure 2.0”).
U.S. OMNI & TSACG Compliance Services’ compliance and legal teams have reviewed the legislation and written the attached General Release, which provides an overview of SECURE Act 2.0 and the most important features that Plan Sponsors should become familiar with immediately. We address the impact this legislation has on your Plan(s), and we also break down the effective dates for specific portions of this Act.
Questions regarding this information should be directed to your Client Relations Manager.