If you offer a retirement plan, or are thinking about starting one, the SECURE 2.0 Act brings some major changes you can’t afford to ignore. In this episode of The Legacy Lab, we sit down with RMC Group’s VP of Pensions, Tamara Middleton, to share practical steps for putting SECURE 2.0 into action, from updating plan documents to maximizing tax credits and exploring new retirement plan options.
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Key Takeaways
Here are a few key takeaways from the episode:
- Implementation is key – Employers should update plan documents, coordinate with payroll on auto-enrollment, and educate employees on new SECURE 2.0 features like student loan matching and emergency savings.
- Watch for roadblocks – Outdated payroll systems, limited employee education, and missing out on valuable tax credits can hold businesses back.
- Q3 & Q4 action items – Review plan design, consider voluntary auto-enrollment, maximize tax credits, and evaluate Roth vs. pre-tax contributions.
- Still time to start a plan in 2025 – New options like Starter 401(k)s and pooled employer plans make it easier than ever, and RMC’s Tax Credit Calculator can help you see potential savings.
Additional Resources
The information provided in this podcast is for informational purposes only and does not constitute legal, financial, or professional advice. RMC Group recommends consulting with qualified professionals regarding your specific needs and circumstances.