Grab bag of SECURE 2.0 guidance

Right before our Christmas break, the IRS issued guidance on SECURE 2.0’s provision allowing you to provide de minimis financial incentives to employees to induce them to participate in your 401(k) plan. Since this provision became effective with the 2023 plan year, and considering that financial incentives are fully taxable for payroll purposes, we rushed out our analysis so you’d have time to deal with it in December. But the guidance contains much more.