BLOG POST
SECURE 2.0 IN 2025
Here Comes a Big Plan Design Change
SECURE 2.0 in 2025: Get Ready For More Plan Design Changes
Presented By Brian Furgala, Esq., CPC, QPA / Senior Director of Retirement Services Strategy, PenChecks Trust®, ERISA Attorney
Attention plan TPAs, plan sponsors, recordkeepers and advisors – are you interested in growing your business by making your plans less costly, more efficient, and easy to process force-out distributions? Would you like to simplify your plan, avoid future audits and provide better plan pricing? You can meet these objectives by creating the optimal plan design for force-out distributions. Read Brian Furgala’s latest blog post to find out more.
With 2025 fast approaching another round of SECURE 2.0 provisions is coming online. Three new provisions will have a significant impact on your plan design, administration, and costs.
PenChecks Trust® can help you navigate these regulatory changes with our latest thought leadership article written by ERISA attorney Brian Furgala. This timely article provides the right information you need to make a difference in your plan and the benefits it provides your clients.
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- A mandatory automatic enrollment feature for 401(k) and 403(b) plans
- A reduction to long-term, part-time employee in 2025
- Increased catch-up contributions for certain ages
All three can be operational prior to amending your plan, with the automatic enrollment feature likely to create the most impact on plan design and costs. PenChecks’ force-out distribution services can help you offset increased plan costs, ease operational disruptions, and lead to larger average plan balances.
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