Season 4 Episode : 9 SECURE 2.0 Choices and Savings Trends

Season 4 Episode 9

The SECURE 2.0 Act of 2022 included dozens of new OPTIONAL plan design choices for plan sponsors. Nevin (Adams) and Fred (Reish) explore the findings of a new survey of which plan design choices plan sponsors are most likely to adopt.

To gain a better understanding of which optional provisions of the SECURE 2.0 Act plan sponsors are most likely to adopt, Fidelity Investments recently invited over 2,000 clients to participate in a survey, and from that derived the top-five-ranked optional provisions.  In this episode, Nevin (Adams) and Fred (Reish) talk about those options—and THEIR favorites.

In this episode we also talk about some of the big defined contribution plan trends captured in Vanguard’s annual How America Saves report—things like the growth of automatic savings features; higher participation and savings rates; expansion of Roth availability; and trends in target-date funds, advice and managed accounts.

If you’re looking to know what’s going on—and what’s coming up—you won’t want to miss this episode of Nevin & Fred!

Episode Resources:

What Optional SECURE 2.0 Provisions Are Plan Sponsors Most Likely to Adopt?  https://www.napa-net.org/news-info/daily-news/what-optional-secure-20-provisions-are-plan-sponsors-most-likely-adopt   

Record Retirement Savings Rates (Again) For American Workers  https://www.napa-net.org/news-info/daily-news/record-retirement-savings-rates-again-american-workers

How America Saves 2024  https://www.napa-net.org/news-info/daily-news/record-retirement-savings-rates-again-american-workers

What’s So Special About College Debt?  | What’s So Special About College Debt? | National Association of Plan Advisors (napa-net.org)

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