One-time employer match credit to participating employers
The SECURE Act 2.0, which was signed into law in December 2022, introduced a series of significant reforms to retirement savings plans, with key provisions impacting both employers and employees. One notable area of change pertains to the forfeiture requirements for qualified retirement plans, specifically related to unvested contributions and how they are handled. This memo provides an overview of the new forfeiture rules under the SECURE Act 2.0, which will come into effect in 2025.
