Secure 2.0: what employers need to know

The Secure 2.0 Act is the largest change to retirement plan rules in decades. Three parts matter most for small employers.

Startup tax credits. The credit for new plans rose from 50% to 100% of eligible startup costs, up to $5,000 a year for the first three years. It applies to businesses with up to 50 employees.

Automatic enrollment. New 401(k) plans set up after December 29, 2022 must enroll employees automatically at a deferral rate of at least 3%. The rate must rise each year until it reaches at least 10%.

Student loan matching. Employers can now count qualifying student loan payments as elective deferrals when calculating matching contributions.

GlidingPath built these rules into the platform, so your plan follows them without extra work from you.