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

Proskauer's Employee Benefits & Executive Compensa

Among other changes, it: Requires automatic enrollment for new 401(k) and 403(b) plans that are first established after SECURE 2.0’s 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

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. Excess Pension Asset Transfers. The Act extends the exclusion until January 1, 2026. Special Disaster-Related Rules for Use of Retirement Funds.