401(k) startups find tailwind during the pandemic
“It should increase the incentive for lower-income people to save because they are getting a match from the government, and higher-income brackets will not benefit as much by the tax code but will still get a credit,” suggested wealth management analyst and consultant Jasmin Sethi. “Whether these funds will be invested with startups or more established companies, or even in some sort of automatic government account, is still to be determined.”