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SECURE 2.0 Act of 2022 Arrives: (Another) Landmark Retirement Package

Proskauer's Employee Benefits & Executive Compensa

includes several changes intended to improve employee access to workplace-based retirement savings. Among other changes, it: Requires automatic enrollment for new 401(k) and 403(b) plans that are first established after SECURE 2.0’s

401(k) 108
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The Consolidated Appropriations Act: 2021’s Employee Benefits Provisions

McNees

The Consolidated Appropriations Act, 2021 (“Act”), signed by President Trump on December 27, 2020, contains several provisions affecting employee benefits. Similar to the COVID distributions, a 401(k) may allow “qualified disaster distributions” up to $100,000 that will not be subject to the 10% early withdrawal penalty.