From tax credits to changes in RMDs to allowing CITs in 403(b)s, this legislation has many provisions meant to encourage employers to offer retirement plans.
Among plan sponsors who say they are familiar with the act, many are still unfamiliar with provisions that improve access to in-plan lifetime income solutions.
"One thing to keep in mind is, credit scores may be less informative," Joelle Scally, a financial and economic analyst for the Federal Reserve Bank of New York says.
Based on its findings from the three countries, retirement tech provider Smart sees 3 opportunities that could improve the future for retirement savers.