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

Business Management Daily

Act of 2022 —90+ provisions focused on 401(k) and other retirement plans. Congress has chosen to pay for it by mandating that plans offering certain 401(k) features, like catch-up contributions, be made on an after-tax, Roth basis. 401(k) plans established after Dec. Roth 401(k) provisions.

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How Employee Perks Can Help Companies in the US

Vantage Circle

In 2022, private health insurance coverage remained more prevalent than public coverage, at 65.6 Honeywell offers a flexible 401(k) plan, allowing employees to contribute up to 30% of their eligible pay in pre-tax, Roth 401(k), or after-tax contributions. percent and 36.1 percent, respectively.