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SECURE 2.0 compliance in 2025: preparing employers  

Below is a summary of provisions relevant to employers and their retirement plans that will become effective in 2025.

By Andrea Bailey Powers, William E. Robinson and Elverine F. Felton | November 25, 2024 at 09:21 AM

As 2024 draws to a close, plan sponsors should be aware of those provisions of the SECURE Act 2.0 that become effective in 2025. The SECURE 2.0 Act (SECURE 2.0) was enacted on December 29, 2022, and while some provisions were immediately effective, other provisions will become effective in later years. In 2024, the Treasury Department and the Internal Revenue Service (IRS) issued final regulations that address major changes to SECURE 2.0. In addition, various other agency guidance has been released in prior years after enactment clarifying requirements in certain provisions of SECURE 2.0. We anticipate further agency guidance will be issued or finalized to clarify many looming questions on other provisions of SECURE 2.0.

Below is a summary of provisions relevant to employers and their retirement plans that will become effective in 2025. In a previous update, we provided a summary of provisions that became effective in prior years. While operational and administrative compliance is required now, corresponding plan amendments are not required for most plans until December 31, 2026.

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