The SECURE 2.0 ACT of 2022

Key information for plan sponsors

On December 29, 2022, President Biden signed into law the Consolidated Appropriations Act of 2023, which includes the package of retirement provisions referred to as "SECURE 2.0". These provisions continue the themes and reforms that began with the 2019 SECURE Act, focusing on getting more participants into the retirement system, finding ways for them to accumulate more assets, and then ensuring they get connected with those assets when retirement comes.

We're committed to making sure you're informed and prepared for any changes as a result of this latest legislation. We'll continue to update this page with information and resources regarding specific impacts to your plans. Fidelity Advantage 401(k) employers click here for more information.

Secure Act 2.0 Guide	Fidelity's Implementation Update	Participant Resources Available
Summary of defined contribution and defined benefit plan provisions for workplace retirement plans.	Depending on plan design, action may be required.	Fidelity’s participant communication strategy is focused on providing a tailored approach to provisions and balancing education needs with timely, actionable experiences.
LEARN MORE HERE	LEARN MORE HERE	LEARN MORE HERE

Article: SECURE 2.0 Implementation Update – Q4 2024
December 2024: An update for plan sponsors on Fidelity’s SECURE 2.0 solutions. Depending on plan design, plan sponsors may receive amendments and/or communications with related election forms and notifications that will need to be completed in a timely manner to support organizational changes.

Guide: SECURE 2.0 Guide – Updated
September 2024: The SECURE 2.0 Guide has been updated, which includes recently issued regulatory guidance, implementation status, operational readiness updates, and frequently asked questions.

Article: SECURE 2.0 Implementation Update – Q3 2024
September 2024: An update for plan sponsors on Fidelity’s SECURE 2.0 solutions. Depending on plan design, plan sponsors may receive amendments and/or communications with related election forms and notifications that will need to be completed in a timely manner to support organizational changes.

Article: IRS Issues 2024 Final and Proposed Guidance on Required Minimum Distributions
September 2024: Summary of the 2024 final and proposed guidance on required minimum distributions issued by the IRS.

Article: SECURE 2.0 Implementation Update – Q2 2024
June 2024: An update for plan sponsors on Fidelity’s SECURE 2.0 solutions. Depending on plan design, plan sponsors may receive amendments and/or communications with related election forms and notifications that will need to be completed in a timely manner to support organizational changes.

Article: New Distribution and Withdrawal Rules Under SECURE 2.0
May 2024:SECURE 2.0 article on the new distribution and withdrawal rules. This article outlines key changes and insights that impact distributions and withdrawals for plan sponsors.

September 2024
Article: Collective Investment Trusts (CITs) Provision
Article: Extends pre-death required minimum distribution exemption beyond IRAs
Article: Reduces required minimum distribution penalty
Article: Increases required minimum distribution age

June 2024
Article: Auto enrollment requirement for new plans

May 2024
Article: Qualified birth or adoption distributions (QBOAD)

April 2024
Article: Allows withdrawals for qualified federally declared disasters
Article: Allows withdrawals for emergency expenses
Article: Permits self-certification of hardship and emergency distributions
Article: Eligible distributions for domestic abuse victims

January 2024
Article: Provides exception to terminal illness penalty

October 2023
Article: Expanded Self-Correction Program

July 2023
Article: Defined Benefit Implications of SECURE 2.0

April 2023
Article: Treats spousal beneficiary as employee for RMD
Article: Aligns 401(k) plan and 403(b) plan hardship withdrawal rules
Article: Offers long-term part-time eligibility
Article: Requires certain high earners make catch-up contributions on Roth basis
Article: Eliminates required minimum distribution barriers for in-plan life annuities
Article: Removes requirement to send plan disclosures to unenrolled employees

For resources on this SECURE 1.0 provision, please visit the Long-Term, Part-Time Resource Center

September 2024
Article: IRS issues 2024 guidance on RMD

January 2024
Article: IRS Notice 2024-02

August 2023
Article: IRS Delays SECURE 2.0 Roth Catch-Up Enforcement
Article: Department of Labor seeks feedback on SECURE 2.0 provisions
Article: IRS Notice 2023-54

June 2023
Article: IRS Notice 2023-43

March 2023
Article: Fidelity meets with regulators on SECURE 2.0

June 2023
Video: SECURE 2.0 Act of 2022

January 2023
Webinar: Policy30 SECURE 2.0 Act of 2022

Policy30: Legislative and Regulatory Webinar Replays: Insights and guidance to navigate an evolving legislative and regulatory landscape.

Browse virtual and in-person event and education offerings, designed for plan sponsors and advisors here

January 2023
Article: Meet SECURE 2.0