SECURE 2.0 mandatory provisions for 2025: New tool prepares employers for compliance

Chris Nicholls

While many requirements under SECURE 2.0 are already effective, some of the biggest changes that employers must comply with will go into effect on January 1, 2025. This includes the auto-enrollment of employees into new retirement plans at a minimum of 3% of their salary, higher catch-up contribution limits, the ability to offer student loan payment matching and updates to long-term part-time worker retirement eligibility.

While SECURE 2.0 was introduced in 2022 to help employees save for retirement, it has also created greater administrative burdens for HR teams. Starting on January 1, employers must automatically enroll employees into new retirement plans and manage new rules for catch-up contribution limits and plan eligibility, among other requirements. However, benefit technology company Payroll Integrations has just announced its work with employers to help expedite compliance with new 2025 requirements under the SECURE 2.0 Act. Payroll Integrations removes the administrative burden of manual processes that comes with these new requirements by automating retirement enrollment, eligibility checks and contributions for employees in minutes.                                                                                                                                                                      Because the company has pre-built integrations with the largest payroll and benefit providers, including ADP, Quickbooks Online, Empower and Transamerica, employers can transfer data directly from payroll systems and retirement plan providers.  The company’s platform prepares companies for compliance with these new 2025 requirements under SECURE 2.0: