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Tax and Other Incentives to Inspire Prospective Plan Sponsors
Newport Group Link to more items from this source
Dec. 8, 2022

"[T]he SECURE Act extended the deadline for establishing a qualified retirement plan from the end of the business's tax year to the business's tax-filing deadline for that tax year, plus extensions.... A small employer ... may be able to claim up to $15,000 in tax credits over three years to offset the costs of establishing and administering a plan, including the cost of educating employees about the plan.... A small employer may also claim a $500 tax credit for each of the first three years its plan includes an eligible automatic enrollment feature."

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