A look into the big retirement bill:
Increase tax incentives for small employers to offer retirement plans.
The bill increases the tax credit for new plans from the current cap of $500 to $5,000, or $5,500 for plans that automatically enroll workers. Rule changes will make multi-employer retirement plans, where two or more employers band together to offer a plan, more workable. Bottom line: Small employers would be more likely to offer 401 retirement plans.. 401 plans typically require employees to work 1,000 hours in a 12-month period to participate in the plan.
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