Unnecessary Introduction of Starter 401(k)'s
In the ongoing quest to bolster retirement security for American workers, recent legislative changes have introduced various options for small businesses. The Starter 401(k) and Pooled Employer Plans (PEPs) are among these. While both approaches have merit, a closer examination reveals that PEPs may render the Starter 401(k) unnecessary. Here’s why.
Creation and Limitations of the Starter 401(k)