401(k) and Blog - Comp and Benefits Today

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

Proskauer's Employee Benefits & Executive Compensa

SEPTEMBER 13, 2023

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.

401(k)

401(k) Retirement Plan Government Management

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

WEX Inc.

JUNE 13, 2024

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.

401(k)

401(k) Retirement Plan Health Savings Account Deductible

HSA vs. FSA: See how you’ll save with each

WEX Inc.

NOVEMBER 14, 2024

This makes HSAs appealing to many members who see them as a complement to their retirement savings , alongside their 401(k). Similar to a 401(k), you can make pre-tax contributions to your HSA and enjoy tax-free growth on your investments. The information in this blog post is for educational purposes only.

401(k)

401(k) Flexible Spending Account Health Savings Account Flexible Spending

2025 employee benefits trends: What employers need to know

WEX Inc.

NOVEMBER 21, 2024

Beyond the traditional 401(k) match , some employers are introducing student loan repayment matching , helping employees reduce debt while saving for retirement. Stay up to date on the latest in benefits by subscribing to our blog! The information in this blog post is for educational purposes only.

Employee Benefits

Employee Benefits 401(k) Employment Health Savings Account

Middle-Income Earners Can Be Millionaires

Money Talk

FEBRUARY 1, 2024

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).

401(k)

401(k) Finance Pension Commissions

3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

DECEMBER 16, 2019

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.

Employee Benefits

Employee Benefits 401(k) PTO Benefits Package

Ten Tax Planning Tips for 2022

Money Talk

MAY 18, 2022

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.

Taxes

Taxes 401(k) Deductible Deductions

An Introduction to IRMAA

Money Talk

SEPTEMBER 30, 2022

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.

401(k)

401(k) Taxes Pension Deductible

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

International Foundation of Employee Benefit Plans

SEPTEMBER 11, 2024

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

401(k)

401(k) Employment Employee Benefits

Why employee wellness matters – and how it’s good for business

Insperity

OCTOBER 1, 2024

Emphasize wellness in benefits offerings Most standard benefits packages include things like health insurance, a 401(k) retirement plan and PTO. Additionally, more businesses are offering student loan repayment programs – occasionally even as an alternative to 401(k) matching. This impacts the vast majority of employees.

Employee Wellness

Employee Wellness 401(k) PTO Retirement Plan

Last-Minute Guidance Leaves Little Time for Long-Term, Part-Time Employee Changes

McDermott Will & Emery Employee Benefits

DECEMBER 20, 2023

However, with the new rule effective for 401(k) plans beginning January 1, 2024, the guidance leaves employers and plan sponsors very little time to make changes to […] The post Last-Minute Guidance Leaves Little Time for Long-Term, Part-Time Employee Changes appeared first on EMPLOYEE BENEFITS BLOG.

401(k)

401(k) Retirement Plan Employee Benefits Employment

Financial Improvement Strategies for a New Year

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. Pay Yourself First (PYF)- PYF treats savings with the same high priority as a mortgage, rent, or car loan payment. and the “Ballpark Estimate” calculator on the Web site www.asec.org.

401(k)

401(k) Finance Deductible Deductions

A Long-Term, Part-Time Employee or Not a Long-Term, Part-Time Employee, That Is the Question

McDermott Will & Emery Employee Benefits

JANUARY 25, 2024

Act, employers must provide long-term, part-time employees the opportunity to make elective deferrals under their 401(k) plans and, beginning in 2025, their 403(b) plans. Under the SECURE Act and the SECURE 2.0 This new rule is fraught with complexity and has generated numerous questions about how the requirements apply.

401(k)

401(k) Employee Benefits Employment Retirement Plan

IRS Confirms Same Hours-Counting Rules Still Add Up for Long-Term, Part-Time Employees

McDermott Will & Emery Employee Benefits

FEBRUARY 6, 2024

Act, employers must now offer employees who work at least 500 hours within three (reduced to two beginning January 1, 2025) consecutive 12-month periods an opportunity to make elective deferrals to their 401(k) plans and, beginning in 2025, their 403(b) plans. Following the SECURE Act and the SECURE 2.0

401(k)

401(k) Employee Benefits Employment Retirement Plan

A Long-Term, Part-Time Employee or a Former Long-Term, Part-Time Employee, That Is the Question

McDermott Will & Emery Employee Benefits

JANUARY 30, 2024

Act, employers must provide long-term, part-time employees the opportunity to make elective deferrals under their 401(k) plans and, beginning in 2025, their 403(b) plans. Under the SECURE Act and SECURE 2.0

401(k)

401(k) Employee Benefits Employment Retirement Plan

New Rules Make Tracking Long-Term, Part-Time Employee Service a Full-Time Job

McDermott Will & Emery Employee Benefits

FEBRUARY 15, 2024

Under the SECURE Act and the SECURE 2.0

401(k)

401(k) Employee Benefits Employment Retirement Plan

When It Comes to Vesting, IRS Says Once a Long-Term, Part-Time Employee, Always a Long-Term, Part-Time Employee

McDermott Will & Emery Employee Benefits

FEBRUARY 8, 2024

Under the SECURE Act and the SECURE 2.0

401(k)

401(k) IT Employee Benefits Employment

Under Long-Term, Part-Time Employee Rules, Some Things Change, and Some Things Stay the Same

McDermott Will & Emery Employee Benefits

FEBRUARY 2, 2024

Act require employers to offer employees who work at least 500 hours within three (reduced to two beginning January 1, 2025) consecutive 12-month periods an opportunity to make elective deferrals to their 401(k) and, beginning in 2025, their 403(b) plans. Together, the SECURE Act and the SECURE 2.0

401(k)

401(k) Employee Benefits Employment Retirement Plan

How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

OCTOBER 10, 2023

Act of 2022 enables business leaders to: Deliver additional financial benefits to round out an organization’s compensation strategy Remain competitive in an increasingly dynamic labor market Win the war for talent In this blog, we’ll discuss: What the SECURE 2.0 employer-sponsored 401(k) plans. The SECURE 2.0 The SECURE 2.0

401(k)

401(k) Retirement Plan Taxes Benefits Package

Miscellaneous Nuggets From Conferences Past

Money Talk

APRIL 28, 2022

Methods include webinars, podcasts, blogs, television and radio shows, print media, websites, and more. Health Savings Accounts - One study found that the tax savings on many employees’ contributions to a health savings account (HSA) increases wealth by more than an employer match on the same employees’ 401(k) contributions.

401(k)

401(k) Health Savings Account Finance Retirement Plan

This Is Not a Test! IRS Confirms Long-Term, Part-Time Employees Excludible From Certain Nondiscrimination Testing

McDermott Will & Emery Employee Benefits

FEBRUARY 13, 2024

Act, employers must provide long-term, part-time employees the opportunity to make elective deferrals under their 401(k) plans and, beginning in 2025, their 403(b) plans. IRS Confirms Long-Term, Part-Time Employees Excludible From Certain Nondiscrimination Testing appeared first on EMPLOYEE BENEFITS BLOG.

401(k)

401(k) Employee Benefits Employment Retirement Plan

District Court Breaks Trend and Allows Claims Challenging Prudence of BlackRock LifePath Index Target Date Funds to Proceed

Proskauer's Employee Benefits & Executive Compensa

SEPTEMBER 22, 2023

We have previously blogged on the flurry of class action lawsuits challenging 401(k) plan investments in the BlackRock LifePath Index Target Date Funds. The alleged underperformance of three and one-half years was long enough to raise an inference that the BlackRock Funds were imprudently retained.

401(k)

401(k) Retirement Plan IT

SECURE 2.0 Brings Significant Changes for 403(b) Plans

Proskauer's Employee Benefits & Executive Compensa

JANUARY 30, 2023

The statute also includes numerous required and optional changes that impact both 403(b) plans and 401(a) plans, which are addressed in our prior blog post. Historically, the Code restricted 403(b) plans more than 401(k) plans in terms of the contributions and earnings available for hardship withdrawal. Before SECURE 2.0,

401(k)

401(k) Taxes Retirement Plan Commissions

Opportunity Knocks: At Long Last, IRS Determination Letter Program Is Open for 403(b) Plans

McDermott Will & Emery Employee Benefits

NOVEMBER 1, 2023

Long available to 401(k) retirement plan sponsors, determination letters can provide sponsors with advance assurance from the IRS that plans […] The post Opportunity Knocks: At Long Last, IRS Determination Letter Program Is Open for 403(b) Plans appeared first on EMPLOYEE BENEFITS BLOG.

401(k)

401(k) Retirement Plan Employee Benefits

It’s Time for a Mid-Year Financial Check-Up

Money Talk

JUNE 29, 2022

Last year, I wrote a blog post about mid-year financial check-up s for the OneOp Personal Finance team. 401(k) or 403(b) plan). It’s that time again…time for a mid-year financial check-up! Savings Increase - Some people get mid-year raises or earn promotions on July 1 (e.g., college faculty promoted to a higher rank).

401(k)

401(k) Out of Pocket Cost Finance Flexible Spending Account

How HSAs can transform retirement planning and your common questions

WEX Inc.

JULY 24, 2023

We cover some of the survey findings in this blog post and infographic. HSAs have comparable — or better — perks than a 401(k) or IRA with respect to healthcare costs, including: HSA contributions reduce taxable income. The information in this blog post is for educational purposes only.

Retirement Plan

Retirement Plan 401(k) Health Savings Account Taxes

Total Compensation Report Statements: Unveiling the Value Beyond the Paycheck – Sample Included

COMPackage

NOVEMBER 3, 2024

The post Total Compensation Report Statements: Unveiling the Value Beyond the Paycheck – Sample Included first appeared on Total Compensation Reports Blog | COMPackage. By implementing these strategies, HR professionals can effectively leverage TCRSs to enhance employee satisfaction, drive engagement, and create a positive work environment.

401(k)

401(k) Retirement Plan Benefits Package Health Insurance

Start your new benefits plan year off right with these 8 tips

WEX Inc.

JANUARY 8, 2025

Because an HSA is a savings account, youll want to designate a beneficiary (or beneficiaries), just as you would with a 401(k) or other retirement-planning accounts. Stay updated on the latest trends and insight by subscribing to our blog ! The information in this blog post is for educational purposes only.

Flexible Spending Account

Flexible Spending Account 401(k) Health Savings Account Banking

New Fiduciary Rule Affects Employers that Offer HSAs

InterWest Insurance Services

JULY 11, 2024

The Department of Labor’s new fiduciary rule, which mainly applies to 401(k) plans, will also affect employers who offer their staff health savings accounts. The new rule, which takes effect September 2024, bars employers from providing advice to their workers on how they should invest the funds in the HSA they offer.

401(k)

401(k) Health Savings Account Employment Commissions

HSA vs. FSA: See how you’ll save with each

WEX Inc.

OCTOBER 4, 2023

This makes HSAs appealing to many members who see them as a complement to their retirement savings , alongside their 401(k). Similar to a 401(k), you can make pre-tax contributions to your HSA and enjoy tax-free growth on your investments. The information in this blog post is for educational purposes only.

401(k)

401(k) Flexible Spending Account Health Savings Account Flexible Spending

Employee financial wellness: Why it matters in the workplace

Insperity

SEPTEMBER 21, 2023

In this blog, we’ll discuss: What employees are focused on and what they expect from their employer Why you, as an employer, should care about this issue What you can do to help your team members and protect your business What is employee financial wellness? For employees, their personal financial wellness is an acute concern right now.

401(k)

401(k) IT Benefits Package Finance

Learn the dos and don’ts of open enrollment

WEX Inc.

SEPTEMBER 14, 2023

An informative blog , educational videos and savings and goal calculators make it easy for you to determine your plan elections. That’s essentially what you’re doing when your employer offers to contribute or match your contributions to a benefits plan or 401(k) and you’re not taking advantage.

401(k)

401(k) Health Savings Account Flexible Spending Account Healthcare

HRA vs. HSA: What you need to know

WEX Inc.

MAY 2, 2024

HSA funds can be invested in mutual funds as you would with a 401(k), which lets employees grow their dollars. Subscribe to our blog. Employees must be enrolled in an HSA-eligible health plan (or high-deductible health plan ) to be eligible for an HSA. Investment potential.

Health Savings Account

Health Savings Account 401(k) Flexible Spending Account Taxes

The Importance of Teaching Financial Wellness in 2025

Flimp Communications

DECEMBER 19, 2024

For example, you might share short explanatory videos designed to unravel the complexities around your companys savings benefits, such as your 401(k) plan or HSA offering. Financial wellness resources can also take the form of education.

401(k)

401(k) Financial Counseling Finance Education

Spread the Word About Additional HSA Contributions

InterWest Insurance Services

MARCH 7, 2024

One of the key features of these plans is that the funds in them can be carried over from year to year and can be invested like a 401(k) plan. Employees 55 and older can contribute an additional $1,000 every year as a catch-up contribution on both single and family plans.

401(k)

401(k) Health Savings Account Pharmaceutical Deductible

Study Pegs Group Benefits Return on Investment at 47%

InterWest Insurance Services

APRIL 11, 2024

Examples include retirement benefits like 401(k) plans, wellness plans, dental insurance, vision coverage, short- and long-term disability protection, critical illness coverage, accident coverage and employer-funded life insurance.

401(k)

401(k) Health Insurance Insurance Taxes

Worker Enrollment in HDHPs falls

InterWest Insurance Services

MAY 16, 2024

Funds in the account can be invested and build value over time, like a 401(k) plan. Employers can also contribute to the account. Funds withdrawn from the account to pay for qualified medical expenses are not taxed. HSAs can be moved when an employee switches jobs. Funds can be used for medical expenses at any time, even in retirement.

401(k)

401(k) Deductible Deductions Health Savings Account

Worker Enrollment in HDHPs Falls

InterWest Insurance Services

JUNE 6, 2024

Funds in the account can be invested and build value over time, like a 401(k) plan. Employers can also contribute to the account. Funds withdrawn from the account to pay for qualified medical expenses are not taxed. HSAs can be moved when an employee switches jobs. Funds can be used for medical expenses at any time, even in retirement.

401(k)

401(k) Deductible Deductions Health Savings Account

Webinar Replay: New Employee Benefits Requirements for Part-Time Employees, Independent Contractors

McDermott Will & Emery Employee Benefits

APRIL 9, 2024

Provisions of the […] The post Webinar Replay: New Employee Benefits Requirements for Part-Time Employees, Independent Contractors appeared first on EMPLOYEE BENEFITS BLOG.

Employee Benefits

Employee Benefits 401(k) Employment Management

IRS Announces 2024 Employee Benefit Plan Limits

McDermott Will & Emery Employee Benefits

NOVEMBER 1, 2023

The Social Security Administration […] The post IRS Announces 2024 Employee Benefit Plan Limits appeared first on EMPLOYEE BENEFITS BLOG. Most of the dollar limits that are subject to adjustment for cost-of-living increases will increase for 2024.

Health and Welfare

Health and Welfare Employee Benefits Flexible Spending Account Health Savings Account

IRS Announces 2024 Employee Benefit Plan Limits

McDermott Will & Emery Employee Benefits

NOVEMBER 10, 2023

Employers, many of whom are in the midst of or have already completed open enrollment for […] The post IRS Announces 2024 Employee Benefit Plan Limits appeared first on EMPLOYEE BENEFITS BLOG.

Health and Welfare

Health and Welfare Employee Benefits Flexible Spending Flexible Spending Account

NQDC Complications and Best Practices

McDermott Will & Emery Employee Benefits

JUNE 20, 2024

The post NQDC Complications and Best Practices appeared first on EMPLOYEE BENEFITS BLOG. In this PLANADVISER article, Brian Tiemann and Lisa Loesel highlight several potential NQDC plan pitfalls and offer strategies to mitigate these hazards. Access the article.

Employee Benefits

Employee Benefits Retirement Plan 401(k)

IRS Says Keep Those Class Exclusions Classy Under Long-Term, Part-Time Employee Rules

McDermott Will & Emery Employee Benefits

JANUARY 3, 2024

The new rules require that employers who maintain such plans provide employees who work at least 500 hours […] The post IRS Says Keep Those Class Exclusions Classy Under Long-Term, Part-Time Employee Rules appeared first on EMPLOYEE BENEFITS BLOG.

Retirement Plan

Retirement Plan Employee Benefits Employment 401(k)

Employer Student Loan Debt Benefits Following SECURE 2.0

McDermott Will & Emery Employee Benefits

OCTOBER 11, 2023

appeared first on EMPLOYEE BENEFITS BLOG. This On the Subject discusses the SECURE 2.0 student loan benefit and other employer options for […] The post Employer Student Loan Debt Benefits Following SECURE 2.0

Retirement Plan

Retirement Plan Employment Taxes Employee Benefits

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

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

Trending Sources

HSA vs. FSA: See how you’ll save with each

2025 employee benefits trends: What employers need to know

Middle-Income Earners Can Be Millionaires

3 Reasons to Boost Your Employee Benefits Offerings in 2020

Ten Tax Planning Tips for 2022

An Introduction to IRMAA

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

Why employee wellness matters – and how it’s good for business

Last-Minute Guidance Leaves Little Time for Long-Term, Part-Time Employee Changes

Financial Improvement Strategies for a New Year

A Long-Term, Part-Time Employee or Not a Long-Term, Part-Time Employee, That Is the Question

IRS Confirms Same Hours-Counting Rules Still Add Up for Long-Term, Part-Time Employees

A Long-Term, Part-Time Employee or a Former Long-Term, Part-Time Employee, That Is the Question

New Rules Make Tracking Long-Term, Part-Time Employee Service a Full-Time Job

When It Comes to Vesting, IRS Says Once a Long-Term, Part-Time Employee, Always a Long-Term, Part-Time Employee

Under Long-Term, Part-Time Employee Rules, Some Things Change, and Some Things Stay the Same

How the SECURE 2.0 Act of 2022 benefits your workplace

Miscellaneous Nuggets From Conferences Past

This Is Not a Test! IRS Confirms Long-Term, Part-Time Employees Excludible From Certain Nondiscrimination Testing

District Court Breaks Trend and Allows Claims Challenging Prudence of BlackRock LifePath Index Target Date Funds to Proceed

SECURE 2.0 Brings Significant Changes for 403(b) Plans

Opportunity Knocks: At Long Last, IRS Determination Letter Program Is Open for 403(b) Plans

It’s Time for a Mid-Year Financial Check-Up

How HSAs can transform retirement planning and your common questions

Total Compensation Report Statements: Unveiling the Value Beyond the Paycheck – Sample Included

Start your new benefits plan year off right with these 8 tips

New Fiduciary Rule Affects Employers that Offer HSAs

HSA vs. FSA: See how you’ll save with each

Employee financial wellness: Why it matters in the workplace

Learn the dos and don’ts of open enrollment

HRA vs. HSA: What you need to know

The Importance of Teaching Financial Wellness in 2025

Spread the Word About Additional HSA Contributions

Study Pegs Group Benefits Return on Investment at 47%

Worker Enrollment in HDHPs falls

Worker Enrollment in HDHPs Falls

Webinar Replay: New Employee Benefits Requirements for Part-Time Employees, Independent Contractors

IRS Announces 2024 Employee Benefit Plan Limits

IRS Announces 2024 Employee Benefit Plan Limits

NQDC Complications and Best Practices

IRS Says Keep Those Class Exclusions Classy Under Long-Term, Part-Time Employee Rules

Employer Student Loan Debt Benefits Following SECURE 2.0

Stay Connected