SECURE 2.0 Act Participant Resources

Available resources for Participants

Participant_resources_available_in_response_to_SECURE20

Our participant communication strategy is focused on providing a tailored approach on key provisions and balancing education needs with timely, actionable experiences.

For an overview of the key provisions and practical considerations, please refer to the SECURE 2.0 Act Guide for Plan Sponsors.

For more information on the latest SECURE 2.0 changes, please visit the SECURE 2.0 ACT of 2022 page.

This page will be updated as new governmental guidance is issued that impacts participant communications.

Participant Communication Overview
November 2024

Provides a high-level summary of how we are communicating with your employees on various mandatory and optional provisions.

Increase to RMD Age
Mandatory Provision 107

Beginning in 2023, age-based, triggered communications have been updated to address the age increases.

Sample

Adding a Roth source account
Mandatory Provision 603

Participants aged 50+ with wages over $145,000 in the previous calendar year must make catch-up contributions on a Roth basis.

With the effective date being pushed to January 2026, plan sponsors can decide when to add a Roth option.

Roth is coming email
Roth reminder email
Roth Infographics/Digital Sings - English
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Roth Infographics/Digital Sings - Spanish
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Long-Term Part-Time (LTPT)
Mandatory Provision 125

Beginning January 1, 2024, eligible long-term part-time employees can enroll and contribute to their 401(k) plan Updates to new eligibility rules will be reflected on plan information and highlights.

In-Plan Emergency Savings Accounts
Optional Provision 127

For plan years beginning in 2024, employers will have the option to offer their employees’ pension-linked emergency savings, but it is not available at this time.

Fidelity has decided to provide an out-of-plan solution, Fidelity Goal Booster^SM*

Toolkit:

Fidelity Goal Booster^SM Engagement Toolkit

Student Loan Payments
Optional Provision 110

Beginning in 2024, employers can offer the Student Debt Retirement (SDR) benefit to their employees.

Toolkit:

Student Debt Retirement Savings Match toolkit

Auto Portability (AP)
Optional Provision 120

Industry-led opportunity to offer automatic rollovers of small balance retirement accounts from former to current employers – without tax consequences to employees. The process will be facilitated by the Portability Services Network (PSN)‡.

See the Auto Portability Plan Sponsor Overview for further details.

‡PSN is not affiliated with Fidelity Investments or its affiliates.