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Introduced in 1978 by the passage of the Revenue Act by Congress, the 401(k) is now more than 40 years old, and the first people who have saved via a 401(k) for their entire career are hitting retirement. This dynamic shines a light on a significant gap in the American retirement savings ecosystem, namely that employees who work for small businesses have been largely excluded from what is now the country's primary retirement savings vehicle.

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