Overview of the SECURE 2.0 Act and Its 2025 Impact
- Brief background on the SECURE 2.0 Act
- Why 2025 provisions matter for both employers and employees
Mandatory Automatic Enrollment for New Plans
How the New Rule Works
- Automatic enrollment rate between 3% and 10% of pay
- Annual automatic escalation requirements
Impact on Employees
- Benefits of starting retirement savings early
- Opt-out flexibility
Increased Catch-Up Contributions for Ages 60–63
New Catch-Up Limits in 2025
- Greater of $10,000 or 150% of regular catch-up limit
- 2025 limit = $11,250
Why This Matters
- Helps those nearing retirement boost savings in peak earning years
Student Loan Payment Matching
How It Works
- Employers match based on qualifying student loan payments
Benefits for Employees with Debt
- Builds retirement savings without reducing loan repayment
Expanded Access for Long-Term, Part-Time Employees
Updated Eligibility Requirements
- Reduction from 3 years to 2 years with 500 hours annually
Broader Participation Benefits
- Expands access to retirement savings for more workers
Higher Contribution Limits
2025 Employee Contribution Cap
- Limit increases to $23,500 for under age 50
Implications for Savers
- More tax-advantaged space for retirement savings
Automatic Portability of Small Balances
New Balance Threshold
- Balances up to $7,000 automatically rolled into new employer’s plan
Why This Helps
- Reduces lost accounts and consolidates retirement savings
Emergency Savings Accounts (ESAs)
ESA Limits and Rules
- Up to $2,500 post-tax, penalty-free withdrawals for emergencies
Benefits for Financial Security
- Encourages short-term savings to avoid retirement withdrawals
New Roth 401(k) Options
Employer Match into Roth
- Employees can choose Roth for employer contributions
RMD Changes for Roth 401(k)
- No Required Minimum Distributions during account owner’s lifetime
Reduced Penalties for Missed RMDs
New Penalty Rates
- Reduced from 50% to 25%, or 10% if corrected quickly
Benefit to Retirees
- Less severe consequences for honest mistakes
Delay of Roth Catch-Up Requirement for High Earners
New Effective Date
- Roth catch-up requirement delayed until 2026
Impact on Employers and Employees
- Provides more time for payroll and plan adjustments
Deadlines for Employer Compliance
Implementation Timeline
- Must follow rules in 2025
- Plan amendments due by December 31, 2026
How Cornerstone Portfolios Can Help You Navigate These Changes
Services for Employers
- Compliance reviews and plan design adjustments
Services for Employees
- Contribution strategy planning and education sessions
Final Thoughts
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The SECURE 2.0 Act brings big changes to 401(k) plans in 2025 — from higher contribution limits to new savings options and expanded access for more workers. Knowing these updates can help you save more, avoid mistakes, and make the most of your retirement plan.
Optimize Your 401(k) Plan for 2025
- The SECURE 2.0 Act brings important updates to 401(k) plans in 2025 — and knowing how they affect you can make a big difference. At Cornerstone Portfolios, we help you understand these changes and create a plan that fits your goals, so you can feel confident about your financial future.
Schedule a review with Cornerstone Portfolios