SECURE 2.0 Act
As part its year-end spending bill, which was signed into law on December 29, 2022, Congress enacted the Setting Every Community Up for Retirement Enhancement bill, or "SECURE 2.0." SECURE 2.0 is a wide-raging collection of retirement plan legislation that, among other things, is aimed at improving retirement preparedness through increasing access to retirement plans and the amount of retirement assets, reducing the cost and administrative burden to employers of maintaining or establishing retirement plans, and synchronizing rules across different types of retirement vehicles.
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