Business Management Daily

MARCH 23, 2023

the oversized pension bill enacted last December, allows 401(k) plans to include after-tax emergency accounts. This provision becomes effective for plan years beginning in 2024. You should also check your state’s wage payment laws to see if advances are allowed. SECURE 2.0,

Construction 52

Construction Payroll 401(k) Banking 52

HR Professionals Magazine

FEBRUARY 3, 2024

Most survey respondents (96%) sponsor a defined contribution plan in the form of either a 401(k) or 403(b). Twenty-two percent (22%) of survey respondents offer a traditional pension plan in conjunction with their defined contribution plan.

Retirement Plan 52

Retirement Plan 401(k) Pension Benefits Package 52

Proskauer's Employee Benefits & Executive Compensa

MARCH 16, 2023

First, employee contributions ( e.g. , to health or 401(k) plans) will need to resume when payroll resumes. Employees can miss out on 401(k) and similar deferral opportunities if payroll does not resume by year-end. Employee Benefits Considerations Missed payroll can impact employee benefit plans.

Banking 52

Banking Payroll 401(k) Health and Welfare 52

HR Digest

OCTOBER 30, 2023

Upon ratification, there should be an initial hike of 11 percent in 2024 , with a 3 percent hike every year until the end of the contract, ending 2027 with a 5 percent general wage increase. Active members with pensions should get an increase in the life income benefit of $5 per year of credited service.

401(k) 52

401(k) Bonuses Parental Leave Pension 52

International Foundation of Employee Benefit Plans

JUNE 20, 2024

On April 25, 2024, the Department of Labor (DOL) published the retirement security final rule defining fiduciary status for investment advice to retirement investors under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code (IRC).

401(k) 67

401(k) Pension IT Employee Benefits 67

Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 27, 2023

The Proposed Rule would specifically cover a recommendation to roll over an account from an employer-sponsored plan ( e.g. , a 401(k) plan) into an individual retirement account (an “IRA”).

401(k) 52

401(k) Retirement Plan Retail Education 52

Proskauer's Employee Benefits & Executive Compensa

DECEMBER 23, 2022

Among other changes, it: Requires automatic enrollment for new 401(k) and 403(b) plans that are first established after SECURE 2.0’s also extends long-term part-timer rules to 403(b) plans covered by ERISA ( effective for plan years beginning after December 31, 2024 ).

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401(k) Retirement Plan Taxes Finance 108

HR Digest

MARCH 21, 2025

The repeal of the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) now ends decades of cuts that decreased Social Security benefits for workers with pensions from jobs not covered by Social Security taxes. The SSA retroactive payments, covering benefits since January 2024, are already in bank accounts.

401(k) 52

401(k) Retirement Plan Pension Banking 52