SECURE 2.0: Plan administration, notice and disclosure provisions
The SECURE 2.0 Act of 2022 (Div. T of Pub. L. No. 117-328) is intended to build on changes made by the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 (Div. O of Pub. L. No. 116-94).
-
- Blended performance benchmarks for asset allocation funds in DC plans (Sec. 318)
- Simplified disclosures for unenrolled DC plan participants (Sec. 320)
- Paper statements (Sec. 338)
-
- Recovery of overpayments (Sec. 301)
- Employee Plans Compliance Resolution System (EPCRS) expansion (Sec. 305)
- Safe harbor correction of employee elective deferral errors (Sec. 350)
-
- Retirement Savings Lost and Found (Sec. 303)
- Tribal government domestic relations orders (DROs) can be QDROs (Sec. 339)
- Defined contribution group (DCG) audit exception (Sec. 345)