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Ring in the New Year! SECURE 2.0 Changes Effective in 2025

January 07, 2025 (3 min read)

The SECURE 2.0 Act was signed on December 29, 2022, with provisions effective in successive years. Two of the mandatory provisions affecting applicable plans come into effect for plan years beginning in and after 2025. They consist of an expansion of the minimum participation standards for long-term part-time employees contained in the first SECURE 2.0 Act and a new mandate for most newly established salary deferral plans to have an auto-enrollment feature. 

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Related Content

  • SECURE 2.0 Act Impact on Retirement Plan Compliance and Administration
    See this practice for a summary of the significant changes to the Internal Revenue Code and the Employee Retirement Income Security Act under the SECURE 2.0 Act affecting retirement plans. Like the Setting Every Community Up for Retirement Enhancement (SECURE) Act (Div. O of the Further Consolidated Appropriations Act, 2020), SECURE 2.0 introduced or expanded provisions that incentivize individuals to save for retirement, also increasing flexibility in managing retirement savings and easing the burdens of employer plan sponsorship.
  • SECURE 2.0 Act and SECURE Act Resource Kit
    Locate your SECURE 2.0 Act and SECURE Act resources in this resource kit. While the SECURE 2.0 Act built on the SECURE Act, each sought to improve retirement plan accessibility and incentivize individuals to save for retirement.

Practical Guidance Updates 
Featuring the latest updates from your Practical Guidance account.    

  • Employee Benefits & Executive Compensation Key Legal Developments Tracker (Current)
    Stay informed on new developments.
    • Retirement Plans. Treasury Department and IRS have issued guidance outlining the 2024 Required Amendments List for qualified plans under IRC sections 401(a) and 403(b). Notice 2024-82.
    • Retirement Plans. DOL launches the Retirement Savings Lost and Found Database. 89 Fed. Reg. 91787 (Nov. 20, 2024); DOL News release. Plan administrators or recordkeepers can upload information via DOL’s reporting portal. Filers must have an account with gov and create a user profile.
    • Health and Welfare Plans. IRS increases the PCORI fee from $3.22 per covered life to $3.47 per covered life for policy and plan years that end on or after October 1, 2024, and before October 1, 2025. Group health plans and health insurance issuers must generally pay the PCORI fee on each covered life under the plan or policy, reporting the payment annually by July 31 using IRS Form 720. Notice 2024-83, I.R.B. 2024-49.
  • New! Discover Practical Guidance Content and Resources
    Review this informative guide featuring some of the recent content additions to Practical Guidance, designed to help you find the tools and insights you need to work more efficiently and effectively.
  • Stay informed on SECURE 2.0 Act developments by using our SECURE 2.0 Act Guidance Tracker.
  • Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
  • Review the Chevron Reversal Impact Resource Kit for analysis related to the Supreme Court’s decision to overturn four decades of deference to federal agency interpretations of ambiguous statutes.
  • Generative Artificial Intelligence (AI) Resource Kit is a frequently updated collection of current Practical Guidance materials on generative AI, ChatGPT, and similar tools.
  • The Practical Guidance Journal features guidance on the use of AI in employment decisions, AI considerations in acquisition agreements, Chevron deference reversal challenges in FDA rulemaking, 50 years of ERISA pension protection, plus obligations and risks related to the provision of anti-overdose medication in the workplace.
  • Browse the Practical Guidance Author Center to see the 2000+ leading attorney authors contributing to our 26 practice areas. Interested in becoming a Practical Guidance author? Click here for details. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.
  • Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content. 

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