More part-time workers to get access to employer retirement

More part-time workers to get access to employer retirement plans next year

https://www.cnbc.com/2023/11/17/more-part-time-workers-get-access-to-employer-retirement-plans-in-2024.html

  • In 2024, employers will be required to give more long-term part-time employees access to contribute to their company 401(k) or 403(b) plan.
  • Two thirds, 66%, of private-sector workers in the U.S. have access to an employer defined contribution plan, according to the U.S. Bureau of Labor Statistics. 
  • A strong labor market, along with changes in federal and state law are having many businesses re-evaluating their retirement plans. 
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