SECURE Act 2.0: Key Provisions and Compliance Considerations for Plan Sponsors
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE webinar will provide employee benefits counsel with an overview of the provisions of SECURE Act 2.0 (SECURE 2.0) that modify rules governing the design, implementation and administration of tax-qualified requirement plans. The panel will discuss key provisions of SECURE 2.0 relating to automatic enrollment, coverage of part-time employees, contribution limits, plan withdrawals and distributions, correction of plan errors, and participant notices. The panel will also discuss compliance challenges and next steps for plan sponsors.
Outline
- Overview and analysis of SECURE 2.0 provisions relating to plan coverage and contributions
- Overview and analysis of SECURE 2.0 provisions relating to plan withdrawals and distributions
- Overview and analysis of SECURE 2.0 provisions relating to plan corrections
- Overview and analysis of SECURE 2.0 provisions relating to notice and disclosure requirements
- Plan administration and compliance challenges
- Forthcoming IRS and DOL guidance
- Key considerations and next steps for plan sponsors
Benefits
The panel will review these and other vital matters:
- What should plan sponsors know about SECURE 2.0?
- What are the key changes and unresolved issues of SECURE 2.0?
- What are the risks and potential pitfalls of SECURE 2.0?
Faculty
Elizabeth Thomas Dold
Principal
Groom Law Group
Ms. Dold's client work includes all tax aspects related to employee benefits including IRS filings and audits,... | Read More
Ms. Dold's client work includes all tax aspects related to employee benefits including IRS filings and audits, employment taxes, and taxation and reporting of fringe benefits and welfare benefits, among other issues.
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David C. Olstein
Partner
Hogan Lovells
Mr. Olstein’s practice focuses on the fiduciary responsibility provisions of ERISA and the prohibited transaction... | Read More
Mr. Olstein’s practice focuses on the fiduciary responsibility provisions of ERISA and the prohibited transaction excise tax provisions of the Internal Revenue Code. He has an extensive background advising financial institutions, plan sponsors, and investment committees on ERISA matters, including compliance with ERISA’s fiduciary duty and prohibited transaction rules, in connection with the investment of pension plan assets. Mr. Olstein regularly advises fund sponsors on the application of ERISA’s “plan asset” rules as they relate to the establishment and operation of private investment funds. From representing issuers and underwriters in connection with marketing securities to investors, to advising plan sponsors and independent fiduciaries in connection with the selection of annuity providers, he offers substantial experience at the intersection of ERISA and fiduciary responsibility. Mr. Olstein is an active member of the American Bar Association’s Section of Taxation and the New York City Bar Associati
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Jeanne Klinefelter Wilson
Principal
Groom Law Group
Ms. Wilson serves as counsel to plan sponsors and plan fiduciaries in Groom’s plan sponsor group. She has nearly... | Read More
Ms. Wilson serves as counsel to plan sponsors and plan fiduciaries in Groom’s plan sponsor group. She has nearly 30 years of experience working with employee benefit plans since her first job as an employee benefit plan auditor with a major public accounting firm. Ms. Wilson has served as ERISA counsel for over 15 years. Her practice extends to all types of employee benefit plans, including both qualified and non-qualified retirement plans and welfare plans. The breadth and depth of Ms. Wilson's experience on Title I issues affecting plans is significant, particularly fiduciary aspects of DB and DC plans, including plan governance and process, day-to-day administration, and investment management.
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