Proskauer's Employee Benefits & Executive Compensa

DECEMBER 12, 2022

Department of Labor (the “DOL”) proposed changes to its Voluntary Fiduciary Correction Program (the “VFCP”) in November for the first time since 2006. The most significant change is the addition of a self-correction option for delinquent deposits of participant contributions and loan repayments.

401(k) 97

401(k) Employment Retirement Plan IT 97

Corporate Synergies

AUGUST 6, 2018

But there’s a great chance that if you offer a high deductible health plan with an HSA, your employees aren’t crystal clear on the benefits of the health savings account. Treat the HSA More Like a 401(k) than an FSA. million accounts in 2006 to over 22 million at the end of 2017.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

HR Professionals Magazine

SEPTEMBER 2, 2021

As pensions have gone by the wayside and 401(k) plans have gained more notoriety, employees have become increasingly more aware of their employer sponsored retirement plans, and the financial benefits they provide. At its most basic level, a 401(k) plan allows employees to save for their personal retirement needs.

Retirement Plan 52

Retirement Plan roth 401(k) 401(k) Taxes 52

Empuls

SEPTEMBER 25, 2023

Given these changes, HR departments need to reassess their benefits packages to make sure they are not only competitive but also in full legal compliance. For example, in 2006, IBM faced lawsuits over its shift from a traditional pension plan to a cash-balance plan, a change that allegedly discriminated against older workers.

Family and Medical Leave Act 40

Family and Medical Leave Act Overtime 401(k) Benefits Package 40