Congress passes SECURE 2.0 Act, making important changes to 401(k)s
Business Management Daily
JANUARY 5, 2023
which was enacted in 2019. 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. All qualified part-time employees are enrolled in the plan and pretax deductions are made from their pay. SECURE 2.0
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