Congress passes SECURE 2.0 Act, making important changes to 401(k)s
Business Management Daily
JANUARY 5, 2023
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. Contributions are limited to 3% of salary, up to $2,500 a year (or a lower amount). Roth 401(k) provisions. It’s a good deal.
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