Proskauer's Employee Benefits & Executive Compensa

JANUARY 16, 2024

requires that 401(k) plans established after December 28, 2022, implement automatic enrollment provisions for plan years starting after December 31, 2024. 401(k) Plans : If two or more 401(k) plans established before December 29, 2022, merge into a single ongoing plan, the ongoing plan is not subject to the SECURE 2.0

401(k) 111

401(k) Taxes Retirement Plan Employment 111

Money Talk

JANUARY 11, 2023

The easiest way to “pay yourself first” is to have savings deducted automatically from your paycheck through a 401(k) or other workplace savings plan. a new car in 2028 with a $10,000 cash down payment). Pay Yourself First (PYF)- PYF treats savings with the same high priority as a mortgage, rent, or car loan payment.

401(k) 241

401(k) Finance Deductions Deductible 241

HR Digest

OCTOBER 30, 2023

Ford, UAW Reach Tentative Labor Deal on Wages According to the UAW contract, workers should soon see a 25 percent wage increase that will be paired with the cost of living adjustments (COLA) that could push the pay rise above 30 percent by 2028. Current retirees should see a five-part $500 annual bonus.

401(k) 52

401(k) Bonuses Parental Leave Pension 52