Whether via audit or some other review process, it's not uncommon for employers to discover that a plan failure has occurred, however, most errors are resolvable — and potentially without fees or penalties — under the right circumstances.

With the recent passage of SECURE Act 2.0 and the IRS' release of substantially higher contribution limits for 401(k)s, small employers are only just beginning their journey to design and offer robust retirement benefits.

It's impossible to say exactly what's to come, but we do have a very good idea of a few things that we should be keeping an eye on.

By educating employees in these final weeks of 2022, you can help them make the most of their contributions while also helping them stay happy, healthy, and productive.