Retirement Plan Auto-enrollment tax credit

10-24-2024Retirement

Did you know an eligible employer that adds an auto-enrollment feature to their plan can claim a tax credit of $500 per year for a 3-year taxable period beginning with the first taxable year the employer includes the auto-enrollment feature? This tax credit is available for new or existing plans that adopt an eligible auto-enrollment plan. Contact your plan administrator to establish this benefit and let our firm know you are eligible for a tax credit.

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