SECURE 2.0 Updates

Late last year, Congress passed the SECURE 2.0 Act to encourage more employers to offer retirement plan benefits and more employees to save for their future through their employer. It impacts all retirement plans, including RPB’s.

RPB is here to ensure that employers—and their employees—can easily navigate and take full advantage of these provisions.

Some of the SECURE 2.0 provisions are already in effect, while others will roll out over the next few years. Ultimately, SECURE 2.0 will impact the following areas of RPB’s plan:

• Employee eligibility

• Catch-up contributions for those 50 or older

• Required Minimum Distributions

• Withdrawal provisions