Configure Payroll for SECURE 2.0 Act

One of the main objectives of SECURE 2.0 Act of 2022 is to make it more attractive for employers to offer retirement plans and improve retirement outcomes for their employees.

This configuration document describes the steps you need to perform to configure HCM Cloud Payroll to comply with these provisions within this Act.

Title and section	Description	Notes
Title I – Section 110	As of January 1, 2024, qualified student loan payments can be treated as elective deferrals for the purposes of (employer) matching contributions.	This is optional. For further info, see Configure Employer-Match Contributions for Qualified Student Loan Payments in the Help Center.
Title VI -– Section 603	As of January 1, 2026, all catch-up contributions to qualified retirement plans are subject to Roth tax treatment. Employees are exempt if their compensation in eligible pay is $145,000 or less (indexed) in the prior calendar year.	This is mandatory for payroll processing. For further info, see Eligibility for Pretax Catch-Up Contributions for Deferred Compensation Plans in the Help Center.

Title and section

Description

Notes

Title I – Section 110

As of January 1, 2024, qualified student loan payments can be treated as elective deferrals for the purposes of (employer) matching contributions.

This is optional.

For further info, see Configure Employer-Match Contributions for Qualified Student Loan Payments in the Help Center.

Title VI -– Section 603

As of January 1, 2026, all catch-up contributions to qualified retirement plans are subject to Roth tax treatment.

Employees are exempt if their compensation in eligible pay is $145,000 or less (indexed) in the prior calendar year.

This is mandatory for payroll processing.

For further info, see Eligibility for Pretax Catch-Up Contributions for Deferred Compensation Plans in the Help Center.

Note: Refer to the US legislative announcements and product release notes for the latest info regarding support of additional features of this act.

For further info, see the following.

Secure 2.0 Section by Section Summary on the senate.gov website
H.R.2954 - Securing a Strong Retirement Act of 2021 on the congress.gov website