What is the impact to plan documents?
The impact may be minimal if a plan document contains general language that permits participants to make catch-up contributions up to the IRS limits. If this is the case, the plan document would not likely require an amendment to implement this provision.
Corebridge Financial: Moving financial futures forward.
As these SECURE 2.0 provisions become effective, plan sponsors will have more flexibility in helping employees achieve personal and financial wellness. For more information about these and other SECURE 2.0 provisions, reach out to your Corebridge representative and visit our online hub. This new online resource breaks down and simplifies relevant provisions of SECURE 2.0. We will continue to update the hub with more relevant and timely content—so please visit often.