Mastering SECURE 2.0 Compliance
Parallax 401k simplifies the complex regulatory landscape, ensuring your plan remains competitive while adhering to the latest federal laws.
Strategic Plan Optimization:
- Our team analyzes legislative shifts and partners with other specialists to enhance participant outcomes and reduce corporate risk. We provide the foresight and technical support necessary to evolve your retirement benefits.
Navigate new legislation with high-level fiduciary support.
Mandatory auto-enrollment for new plans
Automate participation for new employees to boost savings rates from day one.
Increased catch-up contributions
Help employees nearing retirement maximize their nest eggs with higher limits.
Key Provisions We Help With:
Student loan matching contributions
Allow debt payments to trigger employer matching, ensuring no one falls behind.
Roth treatment of employer contributions
Offer tax-free growth options for the employer-funded portion of plan assets.
Emergency savings accounts
Integrated side-car accounts that provide liquid funds for unexpected life events.
Compliance Checklist
• Review automatic enrollment and escalation settings for post-2024 plans.
• Implement student loan matching contribution procedures if applicable.
• Coordinate with recordkeepers for new catch-up contribution limits.
• Evaluate Roth employer contribution election options for plan participants.
• Update plan documents and Summary Plan Descriptions (SPD) for compliance.
Streamlining Plan Administration
SECURE 2.0 significantly impacts how retirement plans are managed on a day-to-day basis. From automated enrollment workflows to complex matching calculations for student loan repayments, the administrative burden on employers has shifted toward more sophisticated digital integration. We partner with your team to audit existing processes and ensure your systems are ready for these regulatory mandates.
Our fiduciary oversight ensures that every administrative adjustment aligns with ERISA standards. By tightening the feedback loop between payroll and plan providers, we reduce the risk of compliance errors while maximizing the efficiency of your benefits package. Let us handle the technical complexities of SECURE 2.0 while you focus on your core business operations.