Many of us have found that our retirement savings options offer less rich benefits than options that might have been available to those who came before us. While we work on the retirement savings solutions of the future, it’s important to recognize and own up to the challenges current savers face to meet their retirement savings needs, especially when doing things like reminding folks of the importance of saving.

This is Part 3 in a series covering key elements of SECURE 2.0, entered into law as part of the 2023 Appropriations Act (Division T).

We’ve just covered Automatic Enrollment and the Saver’s Match, one auto-feature, and one incentive with an auto-feature. Now we’ll focus on straight-out incentives to employers to start new plans.

This is Part 2 in a series covering key elements of SECURE 2.0, as memorialized into law as part of the 2023 Appropriations Act (Division T) on December 29, 2022. We were still crying over our canceled flights, but it gave us plenty of time to read the Act.

In Division T alone we counted more than 40 new retirement-related provisions. We focused first on Automatic Enrollment, because it’s so impactful and we love it. This week we’ll hit the key features of the Saver’s Match – what qualifies, who gets the money, when, and where.