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Congress passes SECURE 2.0 Act, making important changes to 401(k)s

Business Management Daily

also introduces a new safe harbor 401(k) plan design—a starter 401(k) plan, effective for plan years beginning in 2024. Plans may offer to enroll or auto-enroll non-highly compensated employees into 401(k)-linked emergency savings accounts. Accounts must be set up as Roth after-tax accounts.

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A Guide to Understanding Retirement Rewards and Benefits with Fortune 500 References

Empuls

mostly provided traditional 401(k), while 68% also offered Roth 401(k) plans.  Defined benefit plans  This retirement benefit plan is calculated based on multiple factors, including salary and service. This is applicable up to a maximum salary of $275,000 in 2024

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