More part-time workers to get access to employer retirement plans next year
https://www.cnbc.com/2023/11/17/more-part-time-workers-get-access-to-employer-retirement-plans-in-2024.html
- In 2024, employers will be required to give more long-term part-time employees access to contribute to their company 401(k) or 403(b) plan.
- Two thirds, 66%, of private-sector workers in the U.S. have access to an employer defined contribution plan, according to the U.S. Bureau of Labor Statistics.
- A strong labor market, along with changes in federal and state law are having many businesses re-evaluating their retirement plans.