![]() NOTE: This article, along with past and future related articles, is intended only as a very broad overview of the most significant provisions contained in SECURE 2.0 applicable to most 401(k) plans. GEEK OUT! For those who wish to dig a bit deeper, the Senate Finance Committee has issued a nineteen-page summary of SECURE 2.0, available here. But SECURE 2.0 contains even more retirement-related provisions than did its predecessor, and arguably represents a more significant package of reforms, which are generally intended to help make retirement savings available to a wider range of employees and to streamline plan administration. ![]() SECURE 2.0 supplements and expands upon many of the reforms included as part of the Setting Every Community Up for Retirement Enhancement Act (“SECURE Act”) enacted in late 2019 (see our blog entitled “Congress Finally Passed SECURE Act – The Most Sweeping Pension Legislation in Over a Decade is Now Law” for a general overview). President Biden signed the legislation on December 29, 2022. BASSETT MECHANICAL IS AN EQUAL OPPORTUNITY EMPLOYERĪll qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sexual orientation, gender identity, age, status as a protected veteran, status as a qualified individual with a disability, or any other characteristic that may be protected by law.As we have previously reported, Congress passed the SECURE 2.0 Act of 2022 (“SECURE 2.0”), a vast collection of retirement-related provisions having a profound effect on 401(k) plans, as part of the larger Consolidated Appropriations Act, 2023 (“CAA”) in late December of 2022. We want our associates to feel like they are growing and reaching their fullest potential, which is why our internal experts are always available to offer continuing education programs and opportunities to expand your skills and set you up for a lifetime of career success. Service technicians can take advantage of a long list of perks, including industry-leading compensation and benefits packages, a fully equipped company vehicle with full tooling and gas card, an iPhone that doubles as your personal phone, and uniforms for warm and cold weather. In addition, Bassett Mechanical provides uniforms, on-call pay for service technicians, and more. They offer benefits for our trade workforce, such as a health and welfare package that includes dental, life, and loss of time insurance, a robust pension plan, a 401(k) retirement plan, and a paid apprentice program. Committee, volunteer, and community engagementīassett Mechanical partners with Plumbers and Steamfitters Local 400, Sheet Metal Local 18, Plumbers and Steamfitters Local 434, and Steamfitters Local 601.Corporate events and team-building opportunities.Associate discounts from Verizon Wireless and Ford Motor Company.Wellness and health risk assessment program.Short-term and long-term disability insurance.Additional voluntary life and vision insurance.Medical and dental health and welfare packages.KATELYN B., MARKETING COMMUNICATIONS BASSETT MECHANICAL BENEFITS Both make a significantly positive impact on the quality of life for my family.” “Bassett Mechanical has great benefits and flexibility. From engineering, project management, estimating, design, information technology, procurement, accounting, and operations, we care about your role satisfaction and career growth. With our We Answer to You® philosophy, you can feel confident sharing your goals and ambitions with us. We are a community of empowered people working together providing unrivaled experiences, Creating Customers for Life® - a vision made possible by our strong team of dedicated associates. ![]() When you work with us, you’ll receive industry-leading compensation and benefits. ![]() We believe the success of our associates and the company are tied together. ![]()
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