What you should know about the House’s new 401(k) legislation
Business Management Daily
APRIL 1, 2022
all-new 401(k) plans would be required to auto-enroll employees; employees would need to opt-out to get their full salary. Their initial pretax deductions would range from 3% to 10%. Pretax deductions would increase by 1% each year, until they reach at least 10%. s maximum pretax deduction of 15% would remain. SECURE 1.0’s
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