The SECURE Act 2.0: The Most Impactful Provisions #8 — Financial Incentives for Participants for Deferrals
Key Takeaways Prior to the SECURE Act 2.0 the only financial incentive for a participant to make a deferral was a matching contribution. However, the new law permits “de minimus” non-cash incentives for beginning participation or increasing deferrals, so long as the incentives are not paid for by the plan. This change will allow plan […]