IRS SECURE 2.0 Regulations Challenge Employers with Retirement Plan Management Overhaul
The recent IRS proposed regulations under SECURE 2.0 have introduced several key changes to retirement plan management that could pose challenges for plan sponsors. The regulations, covering automatic enrollment, Roth catch-up contributions, and super catch-up contributions, aim to enhance clarity but also necessitate a shift in how employers approach plan administration. Issued just prior to…