SECURE 2.0 Act - McDermott Will & Emery



On December 29, 2022, the SECURE 2.0 Act was signed into law. Building on previous legislation, SECURE 2.0 strives to expand retirement plan coverage and enhance savings opportunities for middle- and lower-income workers. The act includes over 90 retirement plan provisions, impacting 401(k), 403(b) and defined benefit pension plans.

These regulatory changes will create many new compliance requirements that plan sponsors will need to be aware of, as well as deadlines for implementation that extend over the next several plan years. McDermott’s premier Employee Benefits & Executive Compensation team is ready to assist retirement plan sponsors through the practical compliance changes required by SECURE 2.0.

This resource center highlights the latest announcements and information related to the act, including articles, webinars and thought leadership.


Article Series: New Year, New Rules

In this series of articles, we explore the implications of the long-term, part-time employee rules under the SECURE Act and SECURE 2.0 and the impact those rules have on employers and their workforces.


Article Series: Just Catching Up?

In this series of articles, we explore the implications of SECURE 2.0’s changes to catch-up contributions and how employers should respond.


SECURE 2.0 Act


SECURE 1.0 Act


SECURE 2.0 Act and the Future of the Employee Plans Compliance Resolution System

This special report discusses the history behind the creation of the Employee Plans Compliance Resolution System (EPCRS), outlines some of its key features, and highlights how the growth and expansion of this program—including, most recently, under the SECURE 2.0 Act —continues to improve IRS enforcement of tax-qualified plan rules by encouraging plan sponsors to establish practices and procedures designed to ensure compliance, thereby avoiding the harsh tax penalties of plan disqualification.