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Recently, Congress passed Secure Act 2.0, a sweeping bill that introduced new protocols to improve retirement savings. One of the only bipartisan bills in the House and Senate, it will have major impacts that ensure more people have a healthy retirement nest. And while companies have been anticipating these new measures for some time, implementing them seamlessly will be resource intensive.

The changes outlined in the Act are robust, but the main headline is that it will increase the number of employees that are eligible for employer-sponsored retirement plans, expand automatic enrollment and other incentives towards saving for retirement, and bring guidance for employers to broaden plan offerings. Now, both employers and providers will need to make adjustments quickly in order to maximize positive impact. 

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