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Posts Tagged ‘employer contributions’

New Requirement to Cover Long-Term Part-Time Employees in 401(k) Plans Enters Into Effect

By SJHL | February 5, 2024

New Requirement to Cover Long-Term Part-Time Employees in 401(k) Plans Enters Into Effect February 5, 2024 The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act of 2019) and the SECURE 2.0 Act of 2022 (collectively, SECURE) enacted a new mandate that, starting in 2024, long-term, part-time (LTPT) employees must be allowed…

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