Pay and Protect your Expats with Humanic
When an employee is put on assignment overseas, they are exposed to a host of critical and complex payroll considerations.
Humanic's payroll solutions are specialized with your expat in mind!
Pay and Protect your Expats with Humanic
When an employee is put on assignment overseas, they are exposed to a host of critical and complex payroll considerations.
Humanic's payroll solutions are specialized with your expat in mind!
Pay and Protect your Expats with Humanic
When an employee is put on assignment overseas, they are exposed to a host of critical and complex payroll considerations.
Humanic's payroll solutions are specialized with your expat in mind!
Pay and Protect your Expats with Humanic
Pay and Protect your Expats with Humanic
When an employee is put on assignment overseas, they are exposed to a host of critical and complex payroll considerations.
Humanic's payroll solutions are specialized with your expat in mind!
Get Ready for 2025!
The SECURE 2.0 Act is transforming how businesses manage retirement plans, payroll deductions, and compliance.
With new requirements for automatic enrollment, employer tax credits, and expanded retirement access, staying ahead is crucial.
At Humanic Global Solutions, we ensure your business remains compliant, efficient, and prepared for every payroll and benefits change.
Let us handle the complexities so you can focus on growing your workforce!
Secure 2.0 Act —
Effective Provisions Rolling Out This Quarter:
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Catch-up contributions enhanced (ages 60–63): $10,000 or 150% of the regular amount.
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529-to-Roth rollovers begin: Up to $35,000 lifetime cap, if 529 open ≥15 years.
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Emergency withdrawals: $1,000 penalty-free annually with repayment conditions.
Is my Humanic System SECURE 2.0 Ready?
YES! We've been preparing for the changes for SECURE 2.0 and your Humanic Payroll System is SECURE 2.0 Ready — and ahead of the curve!
To help you stay compliant and streamlined, we’ve proactively updated our platform to support key SECURE 2.0 functionality!
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No action is required at this time—all system updates are set to auto-apply.
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For customized guidance or advanced plan setups, your dedicated support rep is happy to help.
Our team will continue to monitor IRS and DOL guidance closely, so your system remains compliant with the latest SECURE 2.0 requirements — including any changes to required plan amendments by year-end 2025.
Thank you for trusting us to keep your payroll compliant and future-focused!
FAQs: What to know about SECURE 2.0 Act
What is SECURE 2.0 Act?
The Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act builds upon the original SECURE Act of 2019, implementing numerous provisions aimed at expanding retirement plan access, increasing savings, and simplifying plan administration.
When did the SECURE 2.0 Act become law?
President Joe Biden signed the SECURE 2.0 Act into law on December 29, 2022, as part of the Consolidated Appropriations Act of 2023.
What are the major changes introduced by the SECURE 2.0 Act?
Notable Provisions Include: Increase in Required Minimum Distribution (RMD) Age: The age at which individuals must begin taking RMDs increased to 73 in 2023 and will rise to 75 by 2033. Enhanced Catch-Up Contributions: Starting in 2025, individuals aged 60 to 63 can make higher catch-up contributions to their retirement plans. Automatic Enrollment Requirement: Beginning in 2025, new 401(k) and 403(b) plans must automatically enroll eligible employees, with initial contribution rates between 3% and 10%, escalating annually by 1% until reaching at least 10% but not exceeding 15%. Student Loan Payment Matching: Employers can match employees' student loan payments with contributions to their retirement accounts, effective in 2024. Emergency Savings Accounts: From 2024, plans can offer linked emergency savings accounts, allowing non-highly compensated employees to save up to $2,500 in a Roth-style account.
How does the SECURE 2.0 Act affect part-time employees?
Effective in 2025, the Act reduces the service requirement for long-term, part-time employees to participate in 401(k) plans from three consecutive years with at least 500 hours of service to two years.
Are there changes to Required Minimum Distributions (RMDs)?
Yes, the age for RMDs increased to 73 in 2023 and will further increase to 75 by 2033. Additionally, the penalty for failing to take an RMD decreased from 50% to 25%, and to 10% if corrected in a timely manner.
What are the new rules regarding 529 plans and Roth IRAs?
Employers must amend their retirement plans to comply with mandatory provisions by the end of the 2025 plan year. Optional provisions can be adopted earlier but must be documented accordingly.
Can employers offer incentives for retirement plan participation?
Yes, the SECURE 2.0 Act allows employers to offer de minimis financial incentives, such as low-dollar gift cards, to encourage employees to participate in retirement plans.
How does the Act impact Forms W-2?
Employers offering financial incentives for retirement plan participation must ensure these are included in employees' taxable wages and reported on Forms W-2.
Keep Ahead with Humanic!
The Latest in SECURE 2.0 Act
The SECURE 2.0 Act introduces major changes that impact 401(k) plans, employer contributions, payroll deductions, and tax incentives.
✅ Mandatory Automatic Enrollment (Starting 2025)
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All new 401(k) and 403(b) plans must automatically enroll eligible employees, starting at 3% to 10% of salary, increasing by 1% annually.
✅ Employer Tax Credits for Small Businesses
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Businesses with fewer than 50 employees may receive up to 100% of administrative costs for setting up a retirement plan.
✅ Expanded Roth Contribution & Catch-Up Rules
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High-earning employees ($145,000+) must make catch-up contributions as Roth (after-tax) contributions.
✅ Student Loan Payment Matching
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Employers can now match student loan payments with equivalent contributions to employees' retirement accounts.
✅ Part-Time Employee 401(k) Eligibility (Starting 2025)
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Employees working 500+ hours per year for two consecutive years must be allowed to participate in 401(k) plans.
✅ Emergency Savings & Hardship Withdrawals
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Plans can now offer emergency savings accounts, allowing penalty-free withdrawals for financial hardships.
Where can I learn more about the SECURE 2.0 Act?
For more detailed information and guidance, consider setting up a consultation with a Humanic Expert Today -- or visit the following resources:
