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Ninth Circuit Revives Fee Challenge to Salesforce.com 401(k) Plan

Proskauer's Employee Benefits & Executive Compensa

On Friday, the Ninth Circuit became the first circuit court to rule in a 401(k) plan fee and investment litigation following the Supreme Court’s January 2022 decision in Hughes v. The Ninth Circuit did not, however, cite to or try to reconcile its holding with its 2018 unpublished decision in White v. 737 (2022). In Davis v.

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Does Bitcoin belong to 401(K) plans?

HR Digest

An increasing number of employees now have access to cryptocurrencies like Bitcoin in their 401(k) plans. The digital currency revolution has been happening for years now, but many people still don’t know what Bitcoin is or how it should be handled in their 401k plan. Advantages of 401(K) crypto investments.

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DOL to appeal court stays on fiduciary rule for retirement advice

Employee Benefit News

The court filings seek to overturn two injunctions federal courts imposed after finding the Department of Labor's new conduct standard is too similar to a previous one vacated in 2018.

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The Two Sides of Retirement: Financial and Non-Financial

Money Talk

401(k)s, 403(b)s, and traditional IRAs) can begin making penalty-free withdrawals starting at age 59½. In 2018, a 65-year old’s life expectancy almost tripled to 17 years and, for some, could be 25 or 35 years. Tax-Free- RMDS must begin at age 72 and many people start withdrawing retirement savings at this time.

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Twelve Tax Planning Topics for 2022

Money Talk

Here are 12 tax topics to consider: Itemized Deductions- Only about 10% of taxpayers can itemize since the Tax Cuts and Jobs Act went into effect in 2018. 401(k), 403(b), 457, TSP). With income tax calculations still fresh in our heads, this is a great time to do some tax planning for 2022.

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How much can a business owner contribute to a 401k? 4 rules to know

Genesis HR Solutions

Small business owners often want to start a 401(k) plan to attract and retain talent, as well as to plan for their own retirement. If you run a small business, at some point you’ve probably found yourself weighing the pros and cons of starting a 401(k) plan. Employee Contribution Limits For 401(k) Plans.

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Employee Benefits 2021: Employer Student Loan Repayment Assistance Programs

Best Money Moves

401(k) student loan matching is a relatively new program that the IRS approved in 2018. It allows employers to match student loan payments with a contribution to an employee’s 401(k).

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