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Guidance Released for Mandatory Automatic Enrollment Requirements for New Retirement Plans
Squire Patton Boggs 
[Guidance Overview] Feb. 10, 2025 "These requirements: [1] Require automatic enrollment of employees with elective deferral contributions of at least 3% and no more than 10% in the first year of participation ... [2] Permit participants to withdraw their automatic elective deferrals within 90 days of their first elective deferral contributions being made. [3] If no investment election is made, permit the automatic elective deferrals to be invested in qualified default investment alternatives (QDIAs)." MORE >> |
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