Early versions of the SECURE Act 2.0 legislative proposal do not address three pressing retirement security issues in the United States: protecting retirement savings, boosting plan access and improving financial literacy.

As we emerge into a world reshaped by the pandemic, plan sponsors and providers will face new and ongoing challenges.

The pandemic has heightened interest in employee benefits. A majority of American workers say they will spend more time reviewing workplace benefits during enrollment season.

In early September, the IRS published supplemental guidance for some provisions in the SECURE Act. The information may affect how plan sponsors manage qualified retirement plans, as well as how individuals contribute to IRAs.

The SECURE Act is the first major retirement legislation in a decade, and creates opportunities designed to close the gaps in retirement security in the United States.