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Small business owners who want to set up a retirement account have several options to consider. Factors like the number of employees, contribution limits, investment options and administrative...
Empower Annuity Insurance Company of America is a retirement plan recordkeeping financial holding company based in Greenwood Village, Colorado, United States. It is the second-largest retirement plan provider in the United States.
Alight Solutions is an Information technology and consulting company based in Lincolnshire, Illinois. The company provides cloud-based digital business and human capital service solutions; particularly within the areas of wealth, health and Human Resources. The company went public on July 6, 2021, trading in the New York Stock Exchange under ALIT.
TruStage Financial Group provides retirement plan services to small businesses and credit union employees. The Madison, Wisconsin -based company also provides auto, home, life and loan protection products to credit union members through its TruStage brand.
There are several solutions to fix the shortfall, including ratcheting up payroll taxes that fund the program, currently 12.4% split evenly by employees and employers.
Starting in 2025, the SECURE 2.0 Act will require companies with new 401 (k) plans to automatically enroll their employees at a minimum contribution rate of 3%. Employees, however, may opt out ...
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