With certain 401(k) automatic features turned on, you can allow your employees to save more while lightening your administrative workload.
Advantages:
Increases participation in the retirement plan
Provides automation of administrative tasks
Employer tax credit of $500 per year for the first 3 years
See how these features fit into your workplace for streamlined administration and enhanced retirement plan savings.
This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.
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