Cleveland Attorney Discusses Omnibus Bill with McKnight’s Senior Living

In an interview with McKnight’s Senior Living, Jeffrey Smith shares his insight on the Omnibus bill and the retirement provisions for employers and employees under the Setting Every Community Up for Retirement Enhancement Act 2.0, also known as Secure 2.0.

He explains that Secure 2.0 is aimed at incentivizing small employers to offer retirement programs, through plan startup tax credits and further modifications to pooled employer plans and multiple employer plans.

“The IRS already pushed back amendments to comply with the first Secure Act, so employers will need to monitor already-implemented changes, upcoming changes and, finally, the amendments needed to document all of this in their plan documents,” said Jeffrey.

To read the article, visit McKnight’s Senior Living.