EBP2434. SECURE 2.0 New Distribution Round Up

With the anticipation of higher levels of plan participation as a result of more prevalent autoenrollment, SECURE 2.0 contained new distribution options and clarifications of existing distribution rules. This session will provide an overview of the new retirement legislation that pertains to distributions such as the new emergency expense distributions, emergency savings accounts, disaster recovery distributions, and distributions for long-term care premiums; changes in required minimum distribution rules, corrections, and applicability; and additional optional and mandatory SECURE 2.0 provisions impacting distributions.

Learning Objectives:

• Determine important provisions within SECURE 2.0 that impact plan design and operations.
• Distinguish mandatory and permissive changes made to existing distribution rules and how to apply effective dates of these changes.