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Tenth Circuit Adopts “Meaningful Benchmark” Pleading Standard in Dismissing Challenges to 401(k) Plan Fees

Proskauer's Employee Benefits & Executive Compensa

In a case of first impression in the Tenth Circuit, the Court recently joined the chorus of circuit courts in holding that a 401(k) plan participant alleging excessive investment management or recordkeeping fees must assert a “meaningful benchmark” in order to survive a motion to dismiss. The case is Matney v. Barrick Gold , No.

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HSA vs. 401k vs. IRA: How do these retirement accounts stack up

WEX Inc.

How is your HSA vs. your 401(k) vs. your IRA shaping up for retirement planning? To help you prepare, here is a breakdown of three common retirement accounts: an HSA vs. a 401(k) vs. an IRA. A 401(k) is … A 401(k) is a retirement savings plan offered by many employers that provides tax advantages.

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Middle-Income Earners Can Be Millionaires

Money Talk

saving 10% of pay in a 401(k) plan). Payroll deductions for defined contribution plans, like 401(k)s, make adhering to advice to “pay your first” automatic. blogs, podcasts, newspapers, etc.). Decisions Matter- Wealth and net worth are determined largely by decisions that people make about money (e.g., budgeting).

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3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

A matching 401(k) or pension. 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. And if you’re really shooting for the moon, you may even provide a few of these: Unlimited vacation time. Free healthcare coverage. Childcare support.

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Ten Tax Planning Tips for 2022

Money Talk

In an earlier blog post , I described 12 tax planning topics for 2022. 401(k), 403(b), and traditional IRA). Now that 2021 income tax season has been over for a month and the dust has settled, it is time to start some serious tax planning for 2022. Saving even 1% more of pay can make a difference in later life.

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An Introduction to IRMAA

Money Talk

Full disclosure: this blog post is written from a place of privilege for older adults with higher-than-average incomes and/or assets. This is especially true when you “did everything right” and saved money in IRAs, 401(k)s and the like, as financial experts recommended. IRMAA surcharges. IRMAA seems very punitive.

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IRS Guidance on Qualified Student Loan Payment (QSLP) Match Programs

International Foundation of Employee Benefit Plans

Act of 2022 allows employers to make matching contributions toward employees’ qualified student loan payments (QSLPs) to 401(k) plans, 403(b) plans and governmental 457(b) plans (and SIMPLE IRAs plans not summarized in this blog). Section 110 of the SECURE 2.0

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