This website is intended for institutional retirement plan sponsors and their consultants, registered investment advisers, and other related businesses. If you are looking for individual services, please visit TIAA.org.

Secure Act 2.0: What you need to know

This new law is intended to increase savings, expand access to retirement plans and give more workers access to lifetime income in retirement. Here's what that means for plan sponsors.

Spotlight on key regulations

Improved opportunities for savings and income preservation
  • Employer match for qualified student loan repayments
  • Increased age-based catch-up contribution
  • Required minimum distribution age increase
  • Removes regulatory barriers to annuitization some participants faced

Simpler plan administration

  • Allows participants to self-certify hardship distributions
  • Modifies certain reporting and disclosure requirements
  • Reduces some required disclosures for “unenrolled” participants
Expanded access to retirement plans
  • Permits 403(b) sponsors to join a multiple employer plan or pooled employer plan
  • Provides participants with emergency savings options
  • Allows long-term, part-time workers to become eligible faster

We're here to support you

Please contact your relationship manager or consultant relations director with any questions or want to discuss next steps. If you are served exclusively by the Administrator Telephone Center, call 888-842-7782, weekdays, 8 a.m. to 8 p.m. (ET).

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