The SPARK Institute and Vanguard will host a workshop dedicated to encouraging retirement plan recordkeepers and payroll providers to collaborate on implementing SECURE 2.0 provisions.
Taking place on July 16 and held at Vanguard’s headquarters in Malvern, Pennsylvania, the event will address changes and updates to SECURE 2.0 mandates, with a special emphasis on Roth Catch-up and Super Catch-up contributions. Attendees will share their insights on the implications of these changes and any necessary work to ensure integration and compliance, according to SPARK.
The goal of the workshop is to “foster collaboration between retirement plan recordkeepers and payroll providers,” while teaching professionals to “stay ahead of regulatory changes and ensure their systems and processes are up-to-date and compliant,” according to a release announcing the event.
“We are thrilled to partner with Vanguard, a SPARK member, to host this important workshop,” said Tim Rouse, Executive Director of the SPARK Institute. “As the retirement landscape evolves, it is crucial for industry stakeholders to come together and ensure that these significant changes are implemented smoothly. This workshop will provide a platform to include all stakeholders and make the implementation process as efficient as possible”.
Among other key topics will include integration and compliance, where attendees will learn about strategies for effective collaboration between recordkeepers and payroll provides to implement these changes, and operational challenges and solutions that will identify and address possible hurdles given new SECURE 2.0 mandates.
“SECURE 2.0 gives millions more Americans a better chance at retirement success, and the retirement plan industry is rising to meet the challenges and opportunities to ensure this legislation reaches its full potential for retirement plan participants,” said Jane Greenfield, principal and head of Consultant Engagement at Vanguard. “This workshop will foster collaboration and provide actionable insights to help all parties best support plan sponsors.”
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with over six years of experience and a passion for telling stories and reporting news. Amanda received her degree in journalism and government and politics at St. John’s University. She is originally from Queens, New York, but now resides in Denver, Colorado with her partner. In her free time, Amanda enjoys running, cooking, and watching the latest drama show.
