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New Law Affects Workplace Retirement Accounts

  • January 15, 2020
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The recently passed law, Setting Every Community Up for Retirement Enhancement, is designed to encourage individuals to contribute to retirement savings accounts. There are tax incentives for small businesses that automatically enroll employees in retirement plans or join multiple employer plans. There are also eligibility rule changes that open employer-sponsored plans to more part-time workers (by reducing the required number of hours worked).

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