SECURE 2.0 Act
As workers’ financial health has improved this year, they are more familiar with provisions of SECURE 2.0 Act, including information related to emergency expense withdrawals, according to Charles Schwab’s 2024 401(k) Participant Study of 1,000 401(k) plan participants.
More than 30 provisions have already taken effect in 2023 and 2024, while other provisions will be rolled out over the next few years. As employers have begun adopting SECURE 2.0’s 90+ provisions, more workers have become attuned to the benefits that could help them manage their finances.
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