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Employers Cautious About 401(k) Law Optional Provisions in New Year
Bloomberg Law Link to more items from this source
Dec. 28, 2023

"Many of the major provisions Congress enacted late last year in sweeping workplace retirement access legislation will take effect in 2024, but plan sponsors are still wary of the mostly optional coverage enhancements. Employers don't want to test the waters by adopting plan amendments that would allow them to treat worker student loan repayments as 401(k) contributions or establish in-plan emergency savings accounts, according to benefits advisers and attorneys."

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