Our Initiatives
Small Business Legislation
The Starter-K Act is a piece of bipartisan legislation that would make it simpler for small businesses to establish retirement plans, according to the National Association of Plan Advisors. Specifically, for plan years beginning after 2022, this law permits companies that do not provide retirement plans to launch starter 401(k) deferral-only structures. These agreements also provide catch-up contributions for those over age 50. The Department of Labor would also be required to offer streamlined reporting for the program. The American Retirement Association supports this legislation, which has been presented in the House of Representatives.
Inclusive Economics advocates for legislation that assists small businesses and their employees. Please support our work by clicking the below button:
Inclusive Economics advocates for legislation that assists small businesses and their employees. Please support our work by clicking the below button: