Employers with 10 or more employees (NYC is requiring employers with 5 or more employees) that do not offer a retirement plan will be required to participate in the New York Secure Choice Savings Program.

However, there are other options available that may fit your business better!



At the end of 2022 the SECURE ACT 2.0 was passed in order to make implementing a retirement plan more affordable for businesses. There are now start-up plan tax credits that offset the majority of the administrative expense in the first few years of a new 401(k) or 403(b). This is a huge benefit for businesses and a great example of why it may be a good idea to create a plan specific to fit you and your business.

Schedule a free consultation with the icon below or give us a call to get started!

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used or relied on, by a taxpayer for the purpose of avoiding penalties that may be imposed by law.  Entities or persons distributing this information are not authorized to give tax or legal advice. Individuals are encouraged to seek advice from their own tax or legal counsel.

The information contained is derived from sources believed to be accurate. However, we do not guarantee its accuracy. The information contained is for general use and it is not intended to cover all aspects of a particular matter.