Celebrating 20 Years in Business • 2004 - 2024

A New Look at SECURE Act 2.0 Issues

The SECURE Act 2.0 has a new provision that speaks to the nature of auto-enrollment for new 401(k) plans. All eligible hires will be required to enroll at a pretax rate of 3% at the minimum. Furthermore, the mandatory enrollment will come with an auto-escalation of 1% annually, but this is only effective until the salary reduction reaches 10% at a minimum and 15% at most. The goal is to incentivize the people who participate in retirement savings accounts.

The SECURE Act 2.0 is part of the Consolidated Appropriations Act of 2023, but the majority of the provisions won’t be put into effect until 2024 or 2025, if not later, so there is still a lot of time to work out the concepts of these provisions and then implement them.

As part of the mandatory auto-enrollment aspect of new retirement savings plans, employers are permitted to provide employees with the option to choose which contribution level they want to opt in to, but they must let them know that the default contribution level is 3% pretax, which they will be enrolled in if they do not specify otherwise. These details are effective for new retirement savings plans that are established after Dec. 31, 2024.

What else is happening with the new provisions? 

To start, catch-up contributions will be enhanced. As of now, the current mandates permit employees over the age of 50 to make catch-up contributions with the goal of increasing the size of their retirement savings plans as they inch closer to the age of retirement.

Currently, there is a catch-up contribution limit of $7,500 per person for those between the ages of 50 and 59. However, with the new catch-up contributions in mind, people ages 60 to 63 can make catch-up contributions of either $10,000 or 150% of the regular catch-up contribution value for 2024.

The higher catch-up contribution value will be applicable to people who either already are 60, 61, 62 or 63 or will turn one of these ages within the applicable tax year. Required Roth catch-up contributions for high-income earners — those who are making more than $145,000 per year — have to be contributed on a Roth basis, meaning post-tax.

This detail is required for all plans that offer the option to make catch-up contributions. Also, this detail will go into effect for tax years that follow Dec. 31. When it comes to emergency savings accounts, or ESAs, there will be many changes as well.

For starters, access to ESA funds will be permitted under certain circumstances beginning in 2024. Access will be granted to participants who wish to make an emergency savings withdrawal of no more than $1,000 per year without having to pay any early withdrawal penalties or fees. The emergency withdrawal amount will need to be repaid within three years of the withdrawal date.

The emergency withdrawals can be made at any point in time on a post-tax basis. While matching contributions from the employer to the employee may be available depending on the employer, the matching contributions will be placed in the employee’s 401(k) account, not their ESA.

Auto-enrollment in ESAs is a possibility, though employees will be auto-enrolled at a rate of 3% with contributions being limited to no more than $2,500. And the only employees who are eligible for ESAs are those who are not considered to be compensated highly. These employees are allowed to withdraw four times without incurring any fees, though only one withdrawal per month is allowed.

The dollar amount of the employee’s regular contributions and the balance at the time of requesting a withdrawal do not affect the employee’s ability to make an emergency withdrawal. Employees can cash out the money in their ESAs or combine the funds with Roth 401(k) accounts and IRAs.

The infrastructure needed to implement this provision is expected to be very complicated, and while it has been said that the provision will be effective as of 2024, this deadline is also thought to be a bit too optimistic, so stay tuned. While these provisions won’t be effective immediately, they are complex, so it’s important to familiarize yourself with them ahead of time. But these provisions are not the only ones to get acquainted with!

There are plenty more, including one provision, the Saver’s Match, that will go into effect sometime in 2027 and is intended for lower-income individuals. The Saver’s Match provision will replace the Saver’s Credit, which is the current standard for lower-income individuals who contribute to retirement savings accounts.

Those who contribute are eligible for a government-funded match to their contributions to an IRA or employer-sponsored retirement plan, with the value of the match being 50% and up to $2,000 per person. These matching contributions are considered to be income increases, ranging between $41,000 and $71,000 for those who file jointly.

But this is only the very beginning! Consult qualified legal and financial experts to see how these rules will affect you.


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Emily Gooding

Payroll Specialist

Emily is graduating in May with a BA in Business Administration from Lander University. She has gained valuable experience as a payroll intern for BMW. We are so excited to have her on the team and  to see her excel in her role as a Payroll Specialist.

Madison Capps​

Payroll Specialist

Madison received a BS in Psychology from Southern Illinois University in 2019. Since then, she has been working as a supervisor at Starbucks and earning her second degree, a BA in Administration and Accounting, from USC Aiken in the fall. She will be joining us as a Payroll Specialist and a valuable addition to our Paysmart team.

Kristen Wilby

Payroll Specialist

Before moving to South Carolina with her husband, Kristen worked as a Sales & Marketing Specialist for Premium King in Feasterville, PA, where she gained valuable experience in strengthening the brand and generating new business. Kristen also brings to our team several years of professional experience as an Executive Assistant and as an Office Manager, where she was first introduced to payroll. Kristen’s knowledge and her innate ability to establish genuine relationships contribute greatly to the team as we continue to grow and serve our clients.

Meg Whitaker

Payroll Specialist

Meg brings nearly twenty years of professional experience to the team. Most recently, she worked as a Payroll & Benefits Specialist in Centennial, Colorado. She and her husband recently moved back to the Carolinas for his job, and we were fortunate to find her! Before Colorado, Meg worked at CPI Security Systems in Charlotte, NC, for twelve years as a Billing Coordinator and Senior Administrative Assistant. She also gained three years of experience as an HR Assistant for a law firm in Fayetteville, NC. Her expertise significantly adds to our team and benefits our clients as we continue to grow!

Rachel McClaran, EA


Rachel plays a crucial role in developing Paysmart’s core processes and procedures, as well as overall strategy within the company. Rachel graduated from Bob Jones University and is an active member of the Junior League of Greenville and the South Carolina Association of CPAs. Her desire to serve her community has led her to become involved with several nonprofit organizations and to serve as the past Vice President of Finance for the Junior League of Greenville. Outside of the office,Rachel enjoys spending time on the water and traveling with her husband and their two children.

Hina Rogers

Payroll Specialist

Hina joined the Paysmart team in August 2022. She grew up in Portland, Oregon, before moving to Greenville, SC. She earned both a bachelor’s and a master’s degree in education. After college, she represented her alma mater as an enrollment counselor in the Southeast and Western states. She enjoys traveling, road trips, cooking, and quality time with her family. Hina looks forward to serving your company’s needs! 

Sharon Quantrille

Payroll Specialist

Sharon has spent several years in the accounting industry and has completed courses to hone her skills as a Payroll Specialist. Her background as an educator, professional musician, and Human Resources Generalist has contributed to her communication skills, commitment to professionalism, and organizational skills that make her a tremendous benefit to her Paysmart clients and colleagues. A graduate of Bob Jones University with a B.S. degree in Music Education, a Master of Music degree in Piano Performance and a Human Resources Generalist Certificate, Sharon spends her free time gardening, hiking, playing the piano, and spending time with her four adult children.

Haleigh Bates

Payroll Specialist

Haleigh joined our team in May of 2022 as a payroll specialist. Haleigh has over eight years of experience helping personal and small business clients with their financial needs. She received her Bachelor’s Degree from Georgia Southern University. She enjoys spending time with her husband and their three children, Caden, Addie, and Mason.  She likes to go hiking, spend time at the beach, and volunteer at her church in the children’s ministry. 

Courtney Rossello

Payroll Tax Manager

Courtney joined the team at Paysmart Payroll Services in September 2020.  She was raised in Simpsonville, SC, and graduated from Clemson University in 2009 with a bachelor’s degree in political science and a concentration in public administration.  Courtney began her payroll career in 2011 and currently works in the payroll tax department at Paysmart.  She strives to make every client feel comfortable knowing their payroll taxes and tax returns are handled accurately and efficiently.  Courtney is also a volunteer Treasurer for a local middle school in Greenville County.  In her spare time, she enjoys volunteering with special needs children, road trips, and spending time with her two daughters. 

Emily Hargrave

Senior Payroll Specialist

Emily received her bachelor’s degree in music from West Coast Baptist College. Since her college days, Emily has gained nearly 18 years of experience in office operations and project management. Emily joined Paysmart in 2017 and enjoys using her skills to support clients and the Paysmart team.

 At heart, Emily is a small-town country girl from the Midwest but is happy now to call the Upstate home, where she doesn’t have to endure harsh winters. Emily’s favorite ways to spend her free time are reading a good book, challenging herself with puzzles, and doing her best not to kill the plants in her garden.

Julie Shull

Client Success Specialist

Julie is the Client Success Specialist for Paysmart Payroll.  She joined the team as a Payroll Specialist in March of 2020. She received her Bachelor of Science degree from NC State University and earned an MBA from Gardner-Webb University while playing on the GWU women’s tennis team. After starting her career with Wilson Sporting Goods as a Financial Analyst, she took a few years off to raise twin boys until she began working for Greenville County Schools in 2014.  Julie enjoys spending time with her family and outdoor activities.

Brad Detandt

Payroll Administrator

A graduate of Northland International University with a BA in Counseling, Brad Detandt leads the day-to-day operations of the Paysmart team. He is eager to grow the firm’s client portfolio. He brings a diverse employment background in retail, manufacturing, nonprofit ministries, and business development, with
a specialized focus on team development and process improvement. Brad’s professional – and personal – mission is to “Be Great. Serve!” Brad enjoys spontaneous activities and weekend trips to state parks with his wife Miranda and his three children.

Stephen C. Stokes

Managing Partner

Stephen has more than 14 years’ experience working with individuals and businesses to meet their tax, accounting, and payroll needs. He has been the managing partner of Paysmart Payroll Services since January 2009. He is a licensed certified public accountant in South Carolina and Georgia. Stephen is also a member of the South Carolina Association of CPAs, the Georgia Society of CPAs, the American Institute of CPAs, and the Professional Association of Small Business Accountants. He has a bachelor’s degree from Bob Jones University and a master’s degree from Georgia State University. Stephen was born and raised near Atlanta, Georgia and moved to Greenville, South Carolina, several years ago. He enjoys spending time with his wife, Tiffani, and daughters, Madeline and Julianna. He is actively involved in his church and enjoys reading, sports, and other outdoor activities.