DWC Blog
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Subscribe to DWC blog to stay up-to-date on all that's new and noteworthy in the private retirement system. DWC serves more than 2,500 clients across the country. They range in size from single-participant defined benefit plans to complex 401(k) plans including several thousand employees. They come from all industries from residential construction and professional practices to rocket..
DWC Blog
10M ago
DWC Blog
1y ago
Ever since creating the ACA, EACA, and QACA as part of the Pension Protection Act of 2006, Congress has acted like automatic enrollment is the greatest thing since sliced bread when it comes to improving workers’ retirement savings (never mind how ridiculous those acronyms sound, especially all together like that). They have continued down that path with SECURE 2.0 (S2).
Signed into law on December 29, 2022, S2 includes more than 90 new provisions. Although many are optional, there are a few in there that are mandatory. One of the mandatory provisions says that all new 401(k ..read more
DWC Blog
1y ago
Adam C. Pozek | 02/02/23
Yeah, we know that’s not how the saying goes, but it appears Congress doesn’t ..read more
DWC Blog
1y ago
Congress seems to be in a continual love fest with two retirement concepts – automatic enrollment and Roth contributions – and SECURE 2.0 (S2) continues the trend for both. I guess it’s not surprising. Automatic enrollment means more tax-deferred contributions (and, therefore, less tax revenue), whereas Roth contributions kick the tax can down the road by foregoing current tax benefits and bringing in more tax revenue in the here and now ..read more