This Retirement Plan Session will focus on the Secure Act 2.0 of 2022, which was signed into law on December 29, 2022, with the goal of helping more Americans save for their retirement.
The Secure Act 2.0 of 2022 includes dozens of retirement plan-related provisions that will impact Colorado nonprofit retirement plans—some that are required by law and will take effect in the coming years. Some provisions are optional, including those related to emergency savings, 401(k) / 403(b) emergency withdrawals, an employer match for Roth accounts and more.
Optional provisions will require executive teams and committees/boards to decide which provisions are right for them and their employees.
In this session, we focus on the four areas of the Secure Act 2.0 of 2022:
Within each area, Scot McMorris, will explore key provisions and explain how these will or may impact how your organizations run their plans moving forward.
Scot McMorris, Vice President of Mutual of America Financial Group
Scot McMorris, Vice President, joined Mutual of America Financial Group in 2004 and has responsibility over the Denver Regional Office and Salt Lake City Branch Office. He has completed FINRA Series 6, Series 26 and Series 63 requirements. Mr. McMorris and his staff oversee all aspects of Defined Contribution Plans which include 401(k), 403(b), and 401(a) Plans. Delivering comprehensive services to clients that cover Administration/Compliance, Fiduciary Services / Investment Oversight, and Participant Engagement are three primary areas of importance.