SECURE 2.0 Act of 2022: Summary and Important Updates

Why us
- Why us
  We can help you provide a comprehensive benefits program designed to help meet the near- and long-term needs of your employees.
- Our approach
  Learn how our commitment to making financial lives better and a holistic approach to workplace challenges can help you pursue your strategic vision.
- Experience & insights
  Our vast experience, proprietary research and strategic partnerships help companies evolve with the needs of today's workforce.
- Holistic focus
  We offer a broader understanding of the interconnectivity of finances in people’s lives and guidance that goes beyond traditional solutions.
- Leadership
  Benefit from over 200 years of leadership putting clients first guided by a common purpose to help make financial lives better through the power of every connection.
- Industry events
  Connect with us and other industry professionals and gain the latest insights from thought leaders and experts.
Our research and reports

You benefit from our deep insights gained from millions of interactions and research across the organization.
Who we serve
- Who we serve
  We leverage the breadth of Bank of America’s resources to serve organizations of all size and scope.
- Corporations and institutions
  Discover how we can customize a wide array of benefit strategies, potential solutions and experiences to help meet the goals of companies big and small.
- Small businesses
  We help entrepreneurs and small business owners make a big impact with a benefits plan that can be a valuable asset in helping attract and retain talent.
- Consultants
  We value the consultants' role in retirement and benefit plans and are committed to being your go-to resource.
Solutions & services
- Solutions & services
- Workplace Benefits
  Learn about our integrated benefits designed to help employees manage their day-to-day finances and prepare for the future.
- Defined contribution (401(k)) and nonqualified deferred compensation plans
- Defined benefit plans
- Health benefit solutions
- Stock plan services
- Employee banking and investing
- Executive services
- Financial wellness for employees
  We deliver personalized financial wellness with educational content to help employees gain financial confidence.
- Plan sponsor support
  Our team offers dedicated support from big picture strategy to the finer details, to help you meet your company’s goals.
Contact us

Workplace Benefits

Guide to the SECURE 2.0 Act of 2022

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IRS and Treasury Department Issue Final and Proposed Required Minimum Distribution Regulations

Trends and best practices in 401(k) automatic enrollment programs

Guide to understanding the SECURE 2.0 Act of 2022

Attractive Tax Credits to Start a Small Business Retirement Plan

Frequently asked questions to help understand the provisions of the SECURE 2.0 Act

Frequently Asked Questions about Roth Catch-up Contribution Provisions

IRS/Treasury/DOL regulatory guidance related to SECURE 2.0 Act

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Holistic focus

Our approach

Are Not FDIC Insured	Are Not Bank Guaranteed	May Lose Value
Are Not Deposits	Are Not Insured by Any Federal Government or Agency	Are Not a Condition to Any Banking Service or Activity