Bipartisan Policy Center reposted this
❗ Only a third of employees of small businesses have access to an employer-sponsored retirement account. ❗ In SECURE 2.0, Congress made offering a plan virtually free for the vast majority of these employers, with a four-employee business eligible for plan startup tax credits of up $1,500 for three years—more than enough to cover typical startup costs. ❗ But these credits could be made even more effective, primarily by allowing nonprofits to claim them and making one or two other tweaks. For details, check out my blog post with Shai Akabas: https://lnkd.in/e7QRA8AR. Bipartisan Policy Center #retirement #taxcredits #smallbusiness #nonprofits