The pandemic has heightened interest in employee benefits. A majority of American workers say they will spend more time reviewing workplace benefits during enrollment season.

In early September, the IRS published supplemental guidance for some provisions in the SECURE Act. The information may affect how plan sponsors manage qualified retirement plans, as well as how individuals contribute to IRAs.

New legislation provides approximately $484 billion in additional coronavirus relief funds for small businesses, hospitals, healthcare providers and states.

New sources of financial assistance – including tax credits and forgivable loans – are available for small- and mid-sized businesses affected by the coronavirus crisis.

Small businesses have other retirement savings options when a 401(k) is too expensive and administratively complex. Several IRA plan options exist to help you and your employees save for retirement.