Key changes to 401(k) plans are set for 2025, including an increase in employee deferral limits to $23,500 and a new catch-up contribution limit of $11,250 for workers aged 60 to 63. Additionally, part-time workers will gain easier access to retirement plans, and most new plans will require automatic enrollment with a minimum 3% deferral rate. These updates aim to enhance retirement savings for American workers, particularly those who have struggled to save.
Working Capital Finance plays a crucial role in bridging global trade funding gaps, particularly as suppliers face extended payment times. With banks retreating due to regulatory pressures, non-bank funders like O’Connor are stepping in to capture opportunities, leveraging their expertise in credit risk management and real-time market insights. This strategy not only addresses liquidity needs but also offers attractive yields with lower default rates compared to traditional debt markets.