International Foundation of Employee Benefit Plans

APRIL 28, 2022

Read more > The post Five Reasons Why Cryptocurrencies Can Present Serious Risks to 401(k) Fiduciaries and Participants appeared first on Word on Benefits.

401(k) 75

401(k) Employee Benefits Education 75

Money Talk

SEPTEMBER 30, 2022

This is especially true when you “did everything right” and saved money in IRAs, 401(k)s and the like, as financial experts recommended. I am one of those financial educators and “walked my talk.” When taxpayers get caught off-guard by IRMAA , as many do, it is easy to get angry at the government. IRMAA seems very punitive.

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401(k) Taxes Pension Deductible 245

Money Talk

OCTOBER 19, 2023

Several months ago, in the space of one day, I attended a webinar about longevity by a financial planner, read a research report about “longevity literacy,” and attended a health education class for older adults. At the end of the day, I realized that all three of these events were interrelated.

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401(k) Finance Medical Deductible 215

Achievers

MAY 10, 2018

If you’re not offering employees education opportunities then you might want to reconsider. Today’s generation of workers have put employee education and development high on their list of the most-desired benefits that a company can offer. Offering Educational Training and Development Increases Profits.

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Education 401(k) Salary Health Insurance 119

Proskauer's Employee Benefits & Executive Compensa

FEBRUARY 17, 2023

legislation that was enacted at the end of 2022 included an expansion of the ability for a section 401(k) or 403(b) plan, or a governmental section 457(b) plan, to provide matching contributions on participants’ student loan payments. the cost of attendance at an eligible education institution). Prior to SECURE 2.0,

401(k) 115

401(k) Education Taxes Employment 115

Money Talk

SEPTEMBER 14, 2023

One place where there is a gap in adult financial education is programs for older adults age 65+. 401(k), 403(b), 457, thrift savings plan), Traditional IRAs funded with pre-tax dollars, simplified employee pensions (SEPs) for self-employed workers, and annuities.

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Taxes 401(k) Retirement Plan Pension 195

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.

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401(k) Finance Deductible Deductions 186

InterWest Insurance Services

JULY 20, 2022

Keep in mind that the ritual of choosing a benefits package is a brand-new experience for people who are new to the workforce, and you should prepare to educate new employees on how to effectively choose and use their new coverages, as well as all the details like premiums, deductibles and out-of-pocket expenses. Continuing education.

Education 92

Education 401(k) Deductible Deductions 92

HR Lineup

OCTOBER 25, 2023

One of the cornerstones of retirement planning is the 401(k) plan, and choosing the right provider can significantly impact your financial future. In this article, we’ll explore the top 10 401(k) providers for 2023, each offering unique features and benefits to help you make an informed decision. What is a 401(k)?

401(k) 52

401(k) Retirement Plan Taxes Education 52

Money Talk

APRIL 4, 2024

All other tax-deferred plans, like 401(k)s and the thrift savings plan (TSP), must have RMDs calculated separately. Required Minimum Distributions (RMDs) - Only IRAs and 403(b) plans (for school and non-profit sector employees) can be aggregated to calculate RMDs.

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401(k) Taxes Finance Education 198

Business Management Daily

FEBRUARY 18, 2022

The Employee Benefits Security Administration has had an on-again, off-again approach to whether employers can allow 401(k) investment choices to promote social, environmental, or other public policy causes—called economically targeted investments or sometimes environmental, social, or governance investing.

401(k) 59

401(k) Pension Retirement Plan Commissions 59

Money Talk

APRIL 28, 2022

When pressed for time to fit ABL into your day, consider “educational multi-tasking” (e.g., 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.

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401(k) Health Savings Account Finance Retirement Plan 186

Money Talk

DECEMBER 29, 2022

Below are 10 of my top take-aways: Knowledge is Power - While new state financial education mandates are getting lots of media attention (and rightly so), financial education works for everyone! Recent research provides clear evidence of the positive effects of financial education on financial behaviors.

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401(k) Taxes Retirement Plan Finance 181

Employee Benefit News

JULY 31, 2023

Authors of a recent study suggest educating employees about the consequences of premature withdrawals and allocating contributions to "sidecar" accounts.

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401(k) Education 80

Griffin Benefits

NOVEMBER 1, 2022

Together, these combined announcements by the IRS detail 2023 adjusted limits to the amounts employees can tuck away pretax into Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), transportation benefits, and retirement plans such as 401(k)s. Educating Employees On The Changes.

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401(k) Retirement Plan Health Savings Account Deductible 85

Proskauer's Employee Benefits & Executive Compensa

DECEMBER 15, 2023

The technical corrections bill includes this omitted language, clarifying that catch-up contributions are permitted in 401(k), 403(b), and 457(b) plans for all catch-up eligible participants. Starter 401(k) Plans. Automatic Enrollment Provision Applied to Multiemployer Plans. However, SECURE 2.0 The text of SECURE 2.0

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401(k) Retirement Plan Education Finance 98

Best Money Moves

JANUARY 31, 2023

When it comes to retirement benefits, employees are looking for more than just a 401(k) — they want comprehensive guidance on how to prepare for the future. Educate employees Social Security, Medicare and other retirement benefits. Some may be at the beginning stages and need help simply choosing between a Roth IRA or 401(k).

401(k) 119

401(k) Retirement Plan Banking Finance 119

Money Talk

APRIL 7, 2022

401(k)s, 403(b)s, and traditional IRAs) can begin making penalty-free withdrawals starting at age 59½. Unlike meetings that last 1-2 hours, weddings (a day or weekend), vacations (1-2 weeks), and higher education (4-5 years), retirement can last decades and many people fail to plan.

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401(k) Taxes Finance Education 189

HR Lineup

OCTOBER 21, 2024

Administered by the International Foundation of Employee Benefit Plans (IFEBP) and Dalhousie University, this program provides a comprehensive education on employee benefits, retirement plans, and health benefits. Key Benefits: Specializes in 401(k) plan management, including plan design, fiduciary responsibility, and investment strategies.

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401(k) Employee Benefits Retirement Plan Health Savings Account 65

Best Money Moves

FEBRUARY 22, 2022

Events, contests and webinars can be an easy way to encourage employees and teach them about 401(k) tax benefits. Add financial wellness programs and education to employee benefits. Address the retirement race gap head-on and use 401(k) auto-enrollment to increase participation.

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401(k) Education Food Finance 106

Best Money Moves

DECEMBER 4, 2024

In recent decades, the cost of education has skyrocketed — the average undergraduate tuition has nearly tripled from 1980 to today, according to the National Center for Education Statistics (NCES). Some employees have resorted to borrowing from their 401(k) to help make ends meet.

401(k) 104

401(k) Finance Education Employment 104

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. Investment education That doesn’t mean that employers can’t educate their workers on the features of their HSAs.

401(k) 89

401(k) Health Savings Account Employment Commissions 89

Best Money Moves

NOVEMBER 18, 2020

401(k) student loan matching is a relatively new program that the IRS approved in 2018. It allows employers to match student loan payments with a contribution to an employee’s 401(k). When employees have financial questions that need answers, Best Money Moves has a team of money coaches ready to help.

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401(k) Employee Benefits Employment Finance 106

Best Money Moves

JUNE 1, 2022

A few great ways for employers to assist employees are auto-enrolled retirement plans and increasing 401(k) contributions. According to SHRM, 16% of large and midsize US employers plan to raise 401(k) contributions or reinstate a contribution match for 2022. Health Care Assistance. Student Loan Repayment Assistance.

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401(k) Out of Pocket Cost Benefits Package Finance 116

HR Digest

MAY 21, 2023

Matching 401(k) contributions 2. Offers like a 401(k) or 403(b) can work as this means that people can use some of their money before they pay taxes on it, and invest in the future. Education Assistance Education assistance helps you learn more. You will learn better if you have education assistance.

Benefits Package 105

Benefits Package 401(k) Employee Benefits Disability Insurance 105

Griffin Benefits

NOVEMBER 11, 2021

Together, these combined announcements by the IRS detail 2022 adjusted limits to the amounts employees can tuck away pretax into Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), transportation benefits, and retirement plans such as 401(k)s. Educating Employees On The Changes.

401(k) 56

401(k) Retirement Plan Health Savings Account Deductible 56

Best Money Moves

NOVEMBER 7, 2023

63% of employees feel that economic uncertainty affects current and future workplace benefits and 401(k) retirement plans. 3 out of 5 respondents reported that they would feel confident investing in a 401(k) or alternative retirement plan through their employer will help build their savings for retirement.

401(k) 106

401(k) Retirement Plan Banking Finance 106

WEX Inc.

JULY 24, 2023

HSAs have comparable — or better — perks than a 401(k) or IRA with respect to healthcare costs, including: HSA contributions reduce taxable income. 8 HSA retirement questions with Jason Cook, director of healthcare emerging market sales, WEX How do FICA taxes work for an HSA or 401(k)? “A

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98

HR Professionals Magazine

MAY 24, 2022

As a team of 401(k) advisors focused on participant outcomes, we are constantly fielding financial related questions from employees seeking advice. As educators, we prefer the latter. It will be interesting to see how this bold move by the country’s largest 401(k) provider will play out. By Jim Trujillo.

Retirement Plan 98

Retirement Plan 401(k) Banking Education 98

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.

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401(k) Flexible Spending Account Health Savings Account Flexible Spending 98

Best Money Moves

MAY 10, 2022

Retirement planning is one of the most common employee benefits offered by employers, specifically a 401(k) matching plan. Employer-sponsered emergency savings accounts may be funded similarly to 401(k) accounts. Here are the 5 best benefits to help retain and attract top talent. Allow flexible time-off policies.

401(k) 112

401(k) Employment Retirement Plan Financial Counseling 112

WEX Inc.

JUNE 13, 2023

Education level influences access Employees’ education history also affects their retirement account access. Employees with lower levels of education often work lower-wage jobs that don’t offer these benefits. This could be an HSA, 401(k), IRA, and more. One-third with a bachelor’s degree or higher.

Retirement Plan 98

Retirement Plan 401(k) IT Healthcare 98

Best Money Moves

OCTOBER 7, 2021

Employers can emphasize this by using 401(k) or other retirement plans. The most common retirement plan is the 401(k) match where the employer grants a certain amount to the plan based on how much the employee contributes. The best time for employees to start saving is right now. Reach out for a demo today!

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401(k) Retirement Plan Financial Counseling Finance 98

Money Talk

OCTOBER 27, 2021

Dollar-Cost Average Investment Purchases - Make regular investment deposits at regular time intervals, such as $100 per month in a mutual fund or 5% of pay every payday in an employer 401(k) or403(b) plan. 401 (k), 403(b), and TSP), and SEPs (for self-employed workers). 20%) you could withstand without losing sleep.

401(k) 100

401(k) Taxes Retirement Plan Education 100

Best Money Moves

FEBRUARY 2, 2022

This led to reduced financial contributions across 401(k) savings accounts, long-term and emergency short-term savings, and debt and loan payments. Both employees and employers noticed a decrease in work productivity and performance due to this personal financial stress.

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401(k) Finance Benefits Package Comprehensive Benefits 127

HR Lineup

MARCH 13, 2022

Nonetheless, some common examples include: 401(k). These tax credits come in handy in administration, especially on educating them about the plan. What’s more, some 401(k) contributors may also be further eligible for tax credits. Examples of qualified plans. 403(b) plans. Keogh (HR-10). Target benefit plans.

Retirement Plan 90

Retirement Plan 401(k) Gross Pay Profit Sharing Plan 90

Employee Benefits

FEBRUARY 8, 2023

I continue to be incredibly proud of this team and optimistic about what’s on the horizon.”

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401(k) Pension Government Education 96