Understanding Employee Benefits and key developments in the employee benefits field and items of interest to our clients. MORE

The SECURE 2.0 Act of 2022 requires certain 401(k) and 403(b) plans to include automatic enrollment and escalation features for the first plan year beginning after December 31, 2024, meaning that for those plans with a calendar plan year, the new year brought a new compliance obligation.

Beginning on January 1, 2025, 401(k) and 403(b)