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3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

A matching 401(k) or pension. Really, if your business is doing well and 2019 was a successful year, there’s no good reason to be stingy with the benefits in 2020. The post 3 Reasons to Boost Your Employee Benefits Offerings in 2020 appeared first on Engage Blog. Some paid parental leave. Use of a company car.

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An Introduction to IRMAA

Money Talk

There is a two-year look-back period so 2022 IRMAA surcharges are based on 2020 modified adjusted gross income (MAGI). Many events can affect IRMA including marriage, divorce, death of a spouse, taxable pensions, leaving the workforce, capital gains on the sale of assets, and the start of RMDs. to $573.30 for Part D.

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401(k) Plans: 20 Things You Should Know

HR Digest

Are you planning to invest in a 401(k) retirement savings plan, but unsure of the critical things to consider before making a decision? In this article, we will share 20 essential things you need to know about a 401(k), including contribution limits, investment options, employer contributions, fees, and more.

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CalSavers Registration for Small Employers Deadline Nears

InterWest Insurance Services

Only California employers that do not offer retirement plans are required to register for CalSavers and there are different registration deadlines depending on employer size, staggered over a few years as follows: Employers with 100 or more workers – The deadline for registration was June 30, 2020. 401(k) plans. 403(a) plans.

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Trends to watch for in 2020 at the IRS

Business Management Daily

Employees may account for tax dependents in Step 3 of the 2020 W-4. Regulations and other guidance regarding income and pension withholding, in light of the suspension of the personal exemption amount. Other, non-TCJA guidance projects include the following: Guidance on student loan payments and 401(k) plans.

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Post-Pandemic Financial Recovery Steps

Money Talk

People with secure jobs or pensions and decreased expenses and spending opportunities saved more and/or reduced debt. We have moved from a year of contraction (2020) to a year of economic rebound (2021). It is safe to say that COVID-19 impacted the finances of every American in one or more ways. It was a tsunami that swept up everyone.

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What is the SECURE Act?

Abel HR

It was signed into law on December 20, 2019, and has taken effect on January 1, 2020. The act is now the most extensive reform to impact the economy since the Pension Protection Act of 2006. It allows long-term, part-time workers to take part in 401(k) plans. A Few Key Takeaways.

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