SECURE Act Tax Credit

Aaron Ammerman |
As we approach the end of 2020, here is a reminder of the benefits of the SECURE act! This SECURE Act startup tax credit can be extremely helpful as an employer is establishing a new retirement plan, including 401(k) Plans, 403(b) Plans, Profit Sharing Plans, Cash Balance Plans, SIMPLE IRAs, and SEP IRAs. Additionally, for a Plan that implements Automatic Enrollment in 2020 or later, a $500 credit is provided in the first year and the following 2 years.