SECURE Act 2.0: Key Provisions and Compliance Considerations for Plan Sponsors
A live 90-minute premium CLE video webinar with interactive 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
- Plan withdrawals and distributions
- Plan corrections
- 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
Randy Bunnell
Attorney
Groom Law Group
Mr. Bunnell’s practice covers a broad range of legal issues relating to employee benefit plans, including... | Read More
Mr. Bunnell’s practice covers a broad range of legal issues relating to employee benefit plans, including retirement plans (both defined benefit and defined contribution plans), severance plans and health plans. In both the single- and multi-employer contexts, he assists clients with plan design and maintenance, participant communications and disclosures, and legal plan compliance. Mr. Bunnell has experience in representing clients undergoing employee benefit plan audits before the Internal Revenue Service (“IRS”) and the Department of Labor (“DOL”). His practice also involves assisting clients in drafting and submitting corrective applications to the IRS and DOL.
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Joanne Jacobson
Senior Counsel
Groom Law Group
Ms. Jacobson has extensive experience advising corporations, tax-exempt organizations, governmental employers, and... | Read More
Ms. Jacobson has extensive experience advising corporations, tax-exempt organizations, governmental employers, and financial institutions on a broad range of employee benefits and executive compensation issues. Her expertise covers numerous topics affecting employer sponsored tax-qualified retirement plans, nonqualified deferred compensation plans, equity compensation programs, executive employee agreements, and health and welfare arrangements. In addition to plan design, implementation and administration, Ms. Jacobson helps plan sponsors navigate the benefits issues related to mergers and acquisitions and the termination of pension plans. She advises plan benefit committees on their fiduciary obligations and guides employers through internal compliance audits and responds to audits and investigations by the IRS, DOL and PBGC.
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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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