Understanding Secure 2.0: What It Means for Employers

The Secure 2.0 Act represents the most significant retirement legislation in decades.

Startup Tax Credits: The credit for new plans has been increased from 50% to 100% of eligible startup costs, up to $5,000 per year for the first three years. This applies to businesses with up to 50 employees.

Automatic Enrollment: New 401(k) plans established after December 29, 2022, must include auto-enrollment at a minimum 3% deferral rate, with automatic annual increases up to at least 10%.

Student Loan Matching: Employers can now treat qualifying student loan payments as elective deferrals for purposes of matching contributions.

GlidingPath's platform is built with Secure 2.0 compliance from the ground up, so you don't need to worry about keeping up with these regulatory changes.