The SECURE 2.0 Act is lawmakers’ response to increasing concern about Americans making ends meet during their retirement years. A key component of this law passed in December 2022 — and included in the Consolidated Appropriations Act, 2023 — includes changes that make it easier for retirement plan sponsors to correct errors or failures in order to protect participant benefits.

The SECURE 2.0 Act, which stands for Setting Up Every Community Retirement Enhancement, expands the Employee Plans Compliance Resolution System (EPCRS), the IRS’s program which allows plan sponsors to correct errors to protect benefits and make sure plans are tax compliant. In Notice 2023-43, the IRS provides interim guidance, which became effective May 25, regarding these changes.

We talked to attorney Sharon Kowal Freilich, chair of the Labor, Employment Law & Employee Benefits practice at Connecticut law firm Pullman & Comley, about what retirement plan sponsors need to know.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lynn Cavanaugh



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.