Is Your 401(k) Plan Outdated
Congress passed SECURE 2.0 a couple of years ago.
Most small business owners I talk to have heard of it
but have no idea what it actually changed for them.
Here are the ones that matter most if you run a small business:
✅ Starter 401(k) plans — lower cost option for businesses
that want to offer something without full plan complexity
✅ Automatic enrollment requirements — new plans started after
2024 must auto-enroll employees (helps participation rates)
✅ Higher catch-up contributions — employees 60-63 can now
contribute even more starting in 2025
✅ Student loan matching — employers can now match employee
student loan payments with 401(k) contributions
✅ Tax credits for starting a new plan — small businesses
get significant tax credits to offset startup costs
The law changed. Did your plan?