SECURE 2.0 Technical Corrections Draft Released

The Senate and House committees of jurisdiction have released a draft containing technical corrections and other clarifications to SECURE 2.0. The following provisions are addressed in the draft.

Section 101: Expanding automatic enrollment in retirement plans
Section 102: Modification of credit for small employer pension plan startup costs
Section 110: Treatment of student loan payments as elective deferrals for purposes of matching contributions
Section 121: Starter 401(k) plans for employers with no retirement plan
Section 125: Improving coverage for part-time workers
Section 126: Special rules for certain distributions from qualified tuition programs to Roth IRAs
Section 303: Retirement Savings Lost and Found
Section 601: SIMPLE and SEP Roth IRAs
Section 603: Elective deferrals generally limited to regular contribution limit
Section 606: Enhancing retiree health benefits in pension plans