Automatic Enrollment Final Rule at OMB

The Office of Management and Budget (OMB) has received a final rule from the Department of Treasury and Internal Revenue Service that addresses automatic enrollment requirements under Internal Revenue Code Section 414A. The final rule reflects statutory changes introduced by the SECURE 2.0 Act of 2022 (SECURE 2.0).

Under SECURE 2.0, most employers who establish a 401(k) or 403(b) plan on or after December 29, 2022, must include an eligible automatic contribution arrangement (EACA) as part of their retirement plan by the beginning of the 2025 plan year.

A proposed rule was initially released in January 2025.