Unlock the Future of Your Nonprofit’s Retirement Plan: Navigating the SECURE Act 2.0

Is your nonprofit prepared for the sweeping changes brought by the SECURE Act 2.0? Signed into law on December 29, 2022, this landmark legislation introduces dozens of retirement plan-related provisions designed to help more Americans save for retirement. As Colorado nonprofits, understanding both the mandatory changes and optional provisions is crucial for supporting your employees and staying compliant.

Join us for this essential session, where expert Scot McMorris, of Mutual of America Finance Group, will guide you through the four key areas of the SECURE Act 2.0:

  • Coverage and participation
  • Contributions
  • Distributions
  • Plan administration

Key provisions, such as emergency savings, 401(k) / 403(b) emergency withdrawals, and employer Roth account matches, will also be covered. As some provisions are optional, you’ll leave with a clear understanding of which choices are best for your organization and employees.

We will also explore fiduciary responsibilities for plan sponsors, learning how to fulfill your duties, minimize risk, and create better outcomes for participants. This segment will help executive teams and boards confidently navigate their roles in managing retirement plans.

With upcoming requirements and opportunities for nonprofits, this is your chance to make informed decisions about your retirement plans. Don’t miss this opportunity to stay compliant, enhance your benefits offerings, and prepare your nonprofit for the future!

 

About the Speaker

Scot McMorris, Vice President of Mutual of America Financial Group

Scot McMorris, Vice President, joined Mutual of America Financial Group in 2004 and has responsibility over the Denver Regional Office and Salt Lake City Branch Office. He has completed FINRA Series 6, Series 26 and Series 63 requirements. Mr. McMorris and his staff oversee all aspects of Defined Contribution Plans which include 401(k), 403(b), and 401(a) Plans. Delivering comprehensive services to clients that cover Administration/Compliance, Fiduciary Services / Investment Oversight, and Participant Engagement are three primary areas of importance.

 

Pricing: This event is free for members and not-yet-members

Location: This event will be hosted virtually