A fiduciary safe harbor provision that will make it easier for employers to offer retirement plans with lifetime income options through annuities. Also, there are increased tax incentives for small employers to offer retirement plans in the first place. Rule changes will make multi-employer retirement plans, where two or more employers band together to offer a plan, more workable too. Here’s a rundown of some of the major retirement changes in the spending bill. 401(k) plans typically require employees to work 1,000 hours in a 12-month period to participate in the plan.

Source: Forbes December 16, 2019 23:23 UTC