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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. 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. Roth 401(k) provisions.

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How Employee Perks Can Help Companies in the US

Vantage Circle

A 401(k) is a tax-advantaged retirement savings program provided by employers. By the end of 2019, 42.1% of 401(k) plan participants had their money invested in equity funds. of 401(k) assets were in target date funds, and 60% of all 401(k) plan participants had put some of their money into target date funds.