Recent years have brought a wave of historic retirement plan legislation that has expanded flexibility and created new ways for plan sponsors to enhance employee benefits. These new design options and plan features stretch the traditional boundaries of retirement benefits, supporting broader financial wellness. In this session, Alvarez & Marsal will explore innovative plan features such as student loan matching contributions, pension-linked emergency savings accounts and increased distribution options. They will discuss how these provisions improve financial support for employees while offering strategic advantages for employers. We’ll address key considerations for implementing these design features, as well as the broader implications of SECURE 2.0 on Total Rewards strategies. Join us to discover how these legislative changes can reshape your retirement benefits to better meet the needs of today’s workforce.

Key Takeaways

• Identify key provisions from statutes and how these provisions have impacts outside of retirement plans.
• Examine how SECURE 2.0 influences retirement plan design and their impact on Total Rewards philosophy.
• Assess the pros and cons of the new retirement plan provisions to inform strategic decision making.