Starter 401(k) Plans Under SECURE 2.0 | Practical Law

Starter 401(k) Plans Under SECURE 2.0 | Practical Law

A Practice Note providing an overview of the starter 401(k) plan under SECURE 2.0. It discusses the eligibility requirements, steps to starting and maintaining a plan, contribution limits, treatment of distributions, tax treatment, and key features. This Note identifies the advantages and disadvantages of the starter 401(k) plan and considerations for a small employer.

Starter 401(k) Plans Under SECURE 2.0

Practical Law Practice Note w-038-9281 (Approx. 8 pages)

Starter 401(k) Plans Under SECURE 2.0

by Practical Law Employee Benefits & Executive Compensation
MaintainedUSA (National/Federal)
A Practice Note providing an overview of the starter 401(k) plan under SECURE 2.0. It discusses the eligibility requirements, steps to starting and maintaining a plan, contribution limits, treatment of distributions, tax treatment, and key features. This Note identifies the advantages and disadvantages of the starter 401(k) plan and considerations for a small employer.