SECURE 2.0 can help businesses attract and retain workers

Description

Abstract: The SECURE 2.0 Act has been getting a lot of attention for its many provisions that make it easier for people to save for retirement. However, the law can also have an impact on employers. Not only does it expand tax incentives for employers that set up new retirement plans, but it also helps employers boost participation in their plans. Plus, it provides opportunities to adopt plan enhancements that can help attract and retain workers. This article explores how SECURE 2.0 can benefit employers. A sidebar explains whether the law requires employers to amend their plans.