In these uncertain economic times, America’s workforce has not lost sight of the importance and value of employer-sponsored retirement savings plans.
These popular programs — such as 401(k) plans — are an essential tool in attracting and retaining talent in a tight labor market, as well as bringing financial security to workers and retirees. So it’s important that the governing rules provide savings opportunities for workers and clarity and efficiency for employer plan sponsors. These rules could be significantly improved before the end of the year if the U.S. Congress passes the SECURE Act 2.0, a comprehensive retirement bill that would help workers save.
