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Plan document revision for Secure Act 2.0 held over as IRS issues clarifications
Napa County Deferred Compensation Board of Control · February 20, 2025
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Summary
Discussion of plan document revisions to implement Secure Act 2.0 was continued to a future meeting after noting IRS clarifications; the board signaled possible revisiting of a Roth option.
The board continued the agenda item on revising the plan document to implement provisions of the Secure Act 2.0. Members noted that the Internal Revenue Service has issued clarifications that bear on implementation, and that the potential addition of a Roth option will be revisited once guidance is clearer.
No action was taken; the matter was continued to the next meeting so staff and counsel can review IRS guidance and present options for board consideration.
