Secure Act 2.0 Smooths Path for Small-Business Retirement Plan Do-Overs

Expert Opinion March 06, 2024 at 05:14 PM
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What You Need To Know

  • Ease of administration and lower costs often influence early business owners' adoption of retirement plans.
  • Some who turned to SIMPLE individual retirement accounts may find that switching to a safe harbor 401(k) can have many benefits.
  • Higher contribution limits with the plans alone can be powerful when attracting and retaining workers.
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