Freed Maxick Blog SECURE 2.0 Automatic Benefit Plan Enrollment | Employe Benefit Plan Audit | Freed Maxick

When the Secure 2.0 Act was signed into law in December of 2022, it listed various provisions that would become effective over time for employee benefit plans. As we approach the end of 2024, one of the main provisions of Secure 2.0 is set to become effective January 1, 2025, and that is automatic enrollment for new employee benefit plans. Any new plan established on or after December 29, 2022, must implement an automatic enrollment feature in less than two short months. 401(k) plans established by new businesses (less than 3 years old) and those businesses with less than 10 employees are exempt from this mandate.