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The SECURE Act–2020 Passage Hoped For
After unanimously passing a House vote earlier this year, HR 1994 (The SECURE Act) is now awaiting action in the Senate. Industry watchers are hoping for Senate passage in 2020, as explained in this www.clevelandjewishnews.com post by Andrew Zashin, Esq. In summary, Zashin reports that “A primary goal of the act is to expand access to employer-provided 401(k) savings plans. The act intends to make it easier for smaller businesses to offer retirement savings plans to their employees through several avenues, including offering a new tax credit to help defray startup costs for new plans, and increasing credit limitations for plan startup costs in order to make it more affordable.” Read his post here…
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