What Did We Learn About SECURE 2.0?

By now, many of you have heard of the SECURE 2.0 Act, which President Biden signed into law in December 2022 as an extension of the 2019 SECURE Act. The massive, sweeping piece of legislation aims to improve the ability of Americans to save for retirement. It contains 92 provisions intended to promote retirement savings and encourage small businesses to set up employer-sponsored retirement plans.

We wrote about SECURE 2.0 over a year ago and highlighted what was coming. Many of its provisions were delayed until 2024, 2025 and even later.

Recently, we met with a top 401(k) recordkeeper (a name you would recognize) who told us the company expected to pay for over 77,000 hours of computer reprogramming in 2024 just to prepare for the provisions that go into effect in 2025 and beyond.

Learn more in our latest article in Today’s Veterinary Business. Click here to read it.