Brooke Monahan featured in article “SECURE Act and Retirement”AZ Big Media 05/04/20
Below is an excerpt:
Brooke L. Monahan, senior counsel, Quarles & Brady LLP: "There are several provisions in the SECURE Act that should make it easier for smaller employers to set up and administer retirement plans. For example, the introduction of pooled employer plans will allow smaller employers to join forces and create one retirement plan, which presumably will be more cost efficient and easier to administer. The Act also provides tax incentives for smaller employers who elect to set up a retirement plan for the benefit of their employees (up to $5,000 for three years, which increases by $500 if there is an automatic enrollment feature). This should help to defray the costs related to setting up and maintaining a retirement plan."