sb0828 Posted June 15, 2023 Posted June 15, 2023 What is your interpretation of the new automatic enrollment rules under SECURE 2.0 for a plan being established as a QACA? Do the new rules (i.e., 3% minimum default; auto increases of 1% per year up to 10%, and not more than 15%, if default % is less than 10%) need to be applied to the plan, or can you abide by the old rules for QACA (i.e., any % for a default; auto increases of 1% per year up to 6%, and not more than 15%, if default % is less than 6%)? Thank you in advance for your reply.
RatherBeGolfing Posted June 15, 2023 Posted June 15, 2023 Simplified version: New rules (Sec 101(b)) if the plan is established after enactment of S2.0. Unless you fit one of the exceptions in Sec 101(c) of course.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now