WealthRabbit Support

Do SECURE 2.0 changes apply automatically to existing SIMPLE IRA plans?

Some SECURE 2.0 provisions apply automatically based on IRS guidance, while others require employers to take action or update their plan features.

For example, certain contribution limit increases may apply automatically if the plan qualifies, while features like student loan payment matching or Roth contributions generally require plan updates.

Employers should review which provisions are optional and which are required. WealthRabbit helps employers understand how each change applies to their plan and guides them through any necessary updates.