State driven mandates are on the rise in the Defined Contribution world. States are actively establishing 
requirements for small businesses, and the existing rules and proposed legislation now impact all but four states. While this movement is well-intentioned, it is resulting in conversation, consternation and quibbling over 401(k) plans and their close-relative – the 403(b) plan.
Some posit the 401(k) plan is merely a social experiment. Others consider the 401(k) plan to be a successful retirement structure that permits supplemental-savings of working Americans. Either way, the Federal Government continues to champion as the tax-incentives exhibited in the SECURE Act 2.0.
These states should be taking advantage of the Auto Features as they have been developed over the last 20 years! Note how Julie, a TPSU attendee from the University of Arizona Plan Sponsor University program describes the benefit of Auto Enrollment:
To learn more on this topic and to see how retirement providers are positioning for the explosion in new retirement accounts, visit Fred Barstein’s article on this very subject at www.WealthManagement.com.
