Faegre Drinker Biddle & Reath LLP, a Delaware limited liability partnership | This website contains attorney advertising.
February 07, 2022

Fred Reish Comments on Retirement Access Legislation With Bloomberg Law

Benefits and executive compensation partner Fred Reish spoke to Bloomberg Law about retirement access legislation, including a mandate for workplace retirement plans and a refundable tax credit.

The publication explained how bills introduced in the last legislative session would have required 401(k)-style retirement plans to automatically enroll new hires or forced employers who did not already offer retirement plans to do so. However, a one-size-fits-all approach to retirement savings has drawn ire among some practitioners and could make for a tough sell in the Senate, said Reish.

Bloomberg Law also discussed a refundable saver’s credit that would act as a match to yearly contributions. Reish noted, “Those credits are so substantial that they could also be a game changer in terms of encouraging the formation of new plans.”

The full article is available for Bloomberg Law subscribers.

Full Article

The Faegre Drinker Biddle & Reath LLP website uses cookies to make your browsing experience as useful as possible. In order to have the full site experience, keep cookies enabled on your web browser. By browsing our site with cookies enabled, you are agreeing to their use. Review Faegre Drinker Biddle & Reath LLP's cookies information for more details.