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robot placing money in piggy bank The SECURE Act requires 401(k) plans to extend participation—solely for purposes of making elective deferrals—to any part-time employee who has worked at least 500 hours. (Photo: Shutterstock)

The SECURE Act offers many opportunities for employers to assist their employees with retirement savings. As the most impactful retirement plan legislation since the Pension Protection Act of 2006, the SECURE Act increases access to defined-contribution plans, promotes lifetime income options, and facilitates retirement plan design and administration.

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