Why Now Is the Best Time for Small Businesses to Offer Retirement Plans

If you’re a small business owner, there’s never been a better time to help your team plan for the future. Thanks to the SECURE 2.0 Act, new tax incentives and policy updates are making it easier—and more affordable—than ever to launch or expand retirement savings plans.

What Is the SECURE 2.0 Act?

The Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act builds on previous legislation to make retirement savings more accessible for both employers and employees. Its goal is simple: strengthen America’s retirement system and help more workers build long-term financial security.

Key Updates You Should Know

The SECURE 2.0 Act introduces several significant changes that directly benefit small businesses and their employees:

Auto-enrollment in new retirement plans — making it easier for employees to start saving right away.
Required Minimum Distribution (RMD) age increased to 73 — giving retirees more time to grow their savings.
Emergency savings accounts linked to retirement plans — allowing employees to handle unexpected expenses without derailing long-term savings goals.
Student loan payment matching — employers can now match student loan payments as if they were contributions to a retirement plan.

These provisions make retirement planning more flexible, inclusive, and future-focused.

Tax Credits and Incentives for Small Businesses

For small businesses with 50 or fewer employees, the SECURE 2.0 Act offers powerful tax credits that help offset the cost of starting a new retirement plan.
This means you can support your team’s financial wellness while also receiving valuable tax relief—a win-win for everyone.

As CNBC reports, these credits “make it easier and more affordable than ever to support your employees’ financial futures.” In other words, there may never be a better time to start a retirement plan.

Why This Matters for Your Team

Offering retirement benefits isn’t just about compliance or incentives—it’s about building loyalty, attracting talent, and improving morale.
When employees feel supported in their financial journey, they’re more engaged, confident, and committed to your business’s long-term success.

Take Action Today

If you’ve been considering launching a retirement plan but worried about the cost, SECURE 2.0 changes that equation.
Now is the moment to explore your options, talk with your financial advisor, and take advantage of these expanded opportunities to invest in your team’s future.

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