Guidance with respect to the automatic enrollment requirements that apply to certain retirement plans under section 414A
The U.S. Treasury Department and IRS today issued proposed regulations (REG-100669-24) that would provide guidance with respect to the automatic enrollment requirements that apply to certain retirement plans under section 414A.
The proposed regulations reflect statutory changes made by the “SECURE 2.0 Act of 2022” (SECURE 2.0 Act) requiring that certain cash or deferred arrangements and salary reduction agreements be eligible automatic contribution arrangements that satisfy additional specified requirements.
Comments on the proposed regulations, as well as requests to speak and outlines for topics to be discussed at the public hearing (scheduled for April 8, 2025, at 10:00 AM ET), are due by March 17, 2025. If no outlines are received by that date, the public hearing will be cancelled.
Read a related IRS release—IR-2025-9 (January 10, 2025)