Businesses now have a unique opportunity to enhance their retirement benefits and comply with state requirements.
- 88% of workers say a 401(k) is a must-have benefit when they’re looking for a job. *According to Schwab
- Employers in Connecticut are required to have a qualified retirement plan by August 31, 2023 - extended from 3/31/23.
- Tax credits can cover up to 100% of the costs for the first 3 years.
Schedule a time to learn more about the best solution for you and your employees.
An employer-sponsored retirement plan includes a plan qualified under Internal Revenue Code sections 401(a) (including a 401(k) plan), qualified annuity plan under section 403(a), tax-sheltered annuity plan under section 403(b), Simplified Employee Pension plan under section 408(k), a SIMPLE IRA plan under section 408(p), or governmental deferred compensation plan under section 457(b). It does not include payroll deduction IRAs.
Please refer to MyCTSavings.com for the latest requirements.