2006 401(k) Retirement Plan 
International Foundation of Employee Benefit Plans
AUGUST 1, 2024
According to The Multiemployer Retirement Plan Landscape: A 15-Year Look (2006-2020), the average defined contribution (DC) plan account balance increased from $23,400 at the end of 2006 to $54,100 at the end of 2020, while aggregate disbursements also grew.
HR Professionals Magazine
SEPTEMBER 2, 2021
As an HR professional, you might read that title and think, “Duh – aren’t all retirement plans focused on employees?” 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.
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Griffin Benefits
JUNE 29, 2023
contains dozens of changes to retirement plans, but perhaps none bigger than these two: New 401(k) and 403(b) plans will be required to automatically enroll participants in the respective plans, and employee salary deferral rates will automatically escalate each year. The SECURE Act 2.0 SECURE ACT 2.0
Abel HR
DECEMBER 7, 2020
The act is now the most extensive reform to impact the economy since the Pension Protection Act of 2006. It aims to improve the private employer-based retirement system’s success by making it easier for companies to provide retirement plans. It allows long-term, part-time workers to take part in 401(k) plans.
Abel HR
DECEMBER 7, 2020
The act is now the most extensive reform to impact the economy since the Pension Protection Act of 2006. It aims to improve the private employer-based retirement system’s success by making it easier for companies to provide retirement plans. It allows long-term, part-time workers to take part in 401(k) plans.
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.
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.
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