On June 21, 2022 Gusto sent a letter to the US Senate Finance Committee in support of the Enhancing American Retirement Now (EARN) Act. According to Guideline, a Gusto partner, 90% of businesses with fewer than 100 employees do not offer a retirement benefit. The EARN Act expands the tax credit for small businesses to start a retirement plan, which would incentivize more employers to offer retirement savings benefits.
Read the full letter here:
