Achievers

DECEMBER 16, 2019

“I don’t really care about my employee benefits,” said no employee ever. When it comes to employee benefits, if your business can offer it, employees want it. That’s the case for any employee benefit, from time off to healthcare to flexible work arrangements to workers’ comp insurance.

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Employee Benefit News

JANUARY 15, 2025

Cash flow, tax bracket and timing of distributions will determine whether pretax or post-tax treatment of retirement savings makes more sense.

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roth 401(k) 401(k) Taxes Employee Benefits 264

Money Talk

APRIL 17, 2025

I recently attended (virtually) a conference about retirement savings sponsored by the Employee Benefit Research Institute (EBRI). In other words, take action once to automate financial transactions such as payroll deductions for a 401(k) or regular automatic deposits to buy stock or mutual funds.

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Employee Benefit News

APRIL 1, 2025

Employees are emphasizing compensation as a benefit in 2025, as well as 401(k) savings.

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401(k) Management Employee Benefits Healthcare 243

Employee Benefit News

APRIL 24, 2024

Treating student loan payments as eligible for a 401(k) match will help young employees save for retirement while staying on top of their debt.

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401(k) Retirement Plan Employee Benefits 278

Employee Benefit News

NOVEMBER 20, 2024

A government watchdog reports that Labor Department regulations haven't made much of an impact on the levels of disclosure and comprehension.

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401(k) Government Retirement Plan Employee Benefits 222

Employee Benefit News

SEPTEMBER 23, 2024

Those aged 25 and younger have an average 401(k) balance account of $7,351 and a median balance of $2,816.

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401(k) Employee Benefits 271

Employee Benefit News

APRIL 24, 2024

Treating student loan payments as eligible for a 401(k) match will help young employees save for retirement while staying on top of their debt.

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401(k) Retirement Plan Employee Benefits 266

Employee Benefit News

DECEMBER 5, 2024

While the bank says that 401(k) and healthcare savings accounts balances have grown during the past year, there are still some troubling indicators.

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Banking 401(k) Healthcare Employee Benefits 264

HR Digest

AUGUST 28, 2023

This mini-guide explores whether a solo 401k is a good idea for individuals like you. But how does a solo 401k work? And who qualifies for a solo 401k? What happens to solo 401k when you’re no longer self-employer? So, let’s dive into the details and answer the question, “Is a Solo 401k a good idea?”

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Achievers

JUNE 6, 2022

What do you think of when employee benefits are mentioned? Organizations often fail to go beyond these standard benefits, and if they do, it’s with a few additions that are selected without much thought and seldom improved. Find out what your employees want out of an employee benefits program.

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Employee Benefits Family and Medical Leave Act 401(k) Retirement Plan 281

HR Digest

FEBRUARY 13, 2022

Emergency funds are almost empty and employees need some kinds of financial benefits to stay satisfied at work. . To provide financial support, many employers think about 401K retirement plans a nd student loans. Companies need to consider improved employee benefits if they want to stop people from leaving their companies. .

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401(k) Retirement Plan Pension Work From Home 116

International Foundation of Employee Benefit Plans

MAY 4, 2022

Last week, we shared five reasons why cryptocurrencies can present serious risks to 401(k) fiduciaries and participants. Read more > The post Cryptocurrency Guidance for 401(k) Plan Fiduciaries appeared first on Word on Benefits. Since then, there has been some confusion about fiduciary duties when it comes.

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401(k) Education Employee Benefits IT 98

Proskauer's Employee Benefits & Executive Compensa

APRIL 18, 2022

On Friday, for the second week in a row, the Ninth Circuit reversed dismissal of a 401(k) plan excessive fee litigation challenging the offering of retail share classes of mutual funds instead of cheaper institutional share classes.

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401(k) Retail IT 108

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.

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401(k) Retirement Plan Government Management 109

International Foundation of Employee Benefit Plans

NOVEMBER 18, 2022

Court affirms judgment in favor of the defendant employer related to the award of 401(k) benefits to a former employee’s ex-husband. The post Legal & Legislative Reporter: Distribution of 401(k) Benefits to Ex-Husband appeared first on Word on Benefits.

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401(k) Employment Employee Benefits 104

Employee Benefit News

JULY 11, 2023

Daffy for Work sets employees up to direct a percentage of their paycheck into an account for charity donations.

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401(k) Employee Benefits 189

Proskauer's Employee Benefits & Executive Compensa

APRIL 11, 2022

On Friday, the Ninth Circuit became the first circuit court to rule in a 401(k) plan fee and investment litigation following the Supreme Court’s January 2022 decision in Hughes v. Northwestern University , 142 S. 737 (2022). In Davis v. Salesforce.com, Inc., 21-15867 (9th Cir. A discussion of Hughes can be found on our blog here.

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International Foundation of Employee Benefit Plans

APRIL 28, 2022

On March 10, 2022, the Department of Labor’s Employee Benefits Security Administration (EBSA) released compliance guidance that cautions plan fiduciaries to exercise extreme care before they consider adding a cryptocurrency.

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401(k) Employee Benefits Education 103

InterWest Insurance Services

NOVEMBER 25, 2022

You’ll want to make note of the changes when discussing your employee benefits during annual open enrollment. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts. 7,750 for family coverage (up $450).

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Best Money Moves

DECEMBER 4, 2024

Over time, student debt can impact an employee’s ability to reach their financial goals, such as securing a mortgage or auto loan. Over 1 in 3 US employees wish their employer offered student loan financing and repayment assistance benefits, according to PNC’s report.

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HR Lineup

MARCH 13, 2022

However, the tax deduction is limited to a maximum of 25% of the total salary of the employees in this qualified employee benefit plan. Also, an employer can use a combo-plan where they adopt both the traditional or cash balance and the profit-sharing systems to provide additional retirement benefits for a few employees.

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Money Talk

APRIL 6, 2023

At the 2022 Retirement Summit sponsored by the Employee Benefit Research Institute (EBRI), there were four main topics: improving individuals’ access to retirement savings plans, reducing plan leakage (i.e., 401(k) plans), they generally don’t save for retirement. not running out of money to live a comfortable lifestyle).

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401(k) Retirement Plan Finance Government 245

Best Money Moves

APRIL 9, 2025

Apple Pay or GooglePay) More recently, fintech has entered the landscape of employee benefits and compensation. Financial wellness is top of mind for employees and employers. Investing in fintech solution can help simplify benefits and support employee well-being.

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Proskauer's Employee Benefits & Executive Compensa

MARCH 14, 2022

Department of Labor Employee Benefits Security Administration (“DOL”), cryptocurrency might carry similar dangers for otherwise strong and healthy 401(k) plan accounts. Kryptonite is a fictional substance that causes the mighty Superman to lose all his strength. According to a recent release from the U.S.

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Proskauer's Employee Benefits & Executive Compensa

FEBRUARY 27, 2024

A California district court recently denied a motion to dismiss claims that the fiduciaries of a 401(k) plan breached their ERISA fiduciary duties of prudence and loyalty by selecting underperforming, high-cost investments and causing the plan to pay excessive fees for services. The case is Coppel v. Seaworld , No. 21-cv-1430 (S.D.

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Employee Benefit News

MARCH 4, 2025

Data from Bank of America found employees increased their 401(k) contribution rates in 2024. The right benefits will help advance that trend.

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401(k) Banking Employee Benefits 173

Proskauer's Employee Benefits & Executive Compensa

DECEMBER 7, 2023

The day after Thanksgiving, while many of us were fortunate enough to be reaching for leftover pie, the IRS released proposed regulations implementing the requirement that 401(k) plan sponsors permit “long-term part-time employees” to make elective contributions to a 401(k) plan. Here’s an example.

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401(k) Retirement Plan Employment IT 94

Proskauer's Employee Benefits & Executive Compensa

JANUARY 25, 2022

Plaintiffs were participants in Centerra’s 401(k) plan who alleged that the defendants breached their fiduciary duties in connection with the monitoring of various investment options that had excessive fees and underperformed. The case is Williams et al. Centerra Grp., LLC et al. , 1:20-cv-04220, 2022 WL 88586 (D.S.C.

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InterWest Insurance Services

JANUARY 17, 2023

Besides health insurance and a 401(k) plan, other benefits that employees value highly are generous paid time off and flexible or remote work, according to a new survey.

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401(k) Health Insurance Insurance Voluntary Benefits 98

HR Digest

MAY 13, 2023

Employee Stock Ownership Plans (ESOPs) and 401(k) plans are both popular retirement savings plans, but there are some key differences between the two. This article compares ESOPs and 401(k)s in terms of funding, investment options, risk, tax benefits, and other factors.

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Proskauer's Employee Benefits & Executive Compensa

JANUARY 28, 2022

24, 2022) (discussed further here ), a Georgia federal district court held in favor of plaintiffs and declined to dismiss allegations that defendant’s 401(k) plan included costly and underperforming funds and charged excessive recordkeeping fees. Northwestern Univ. , 19-1401, 595 U.S.

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BerniePortal

NOVEMBER 9, 2020

A 401(k) is a tax-free retirement savings account that many employers offer to employees as an employee benefit. These accounts allow employees to deposit pre-tax income into a savings account that can only be used once an employee has reached the age of retirement.

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HR Digest

MARCH 28, 2023

One popular way to get your retirement plan sorted in the United States is through a 401(k) plan. A 401(k) plan is a type of retirement account offered by employers to their employees. It allows employees to save a portion of their pre-tax income for retirement. How does 401(k) work?

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401(k) roth 401(k) Retirement Plan IT 65

Best Money Moves

NOVEMBER 18, 2020

Employee benefits 2021: student loan repayment assistance programs. Student loan benefits emerged to help employees with their share of the $1.6 They’ve been hailed as an important employee wellness initiative and as a way to attract and retain talent. Why Financial Wellness Is a Must -Have Employee Benefit.

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Empuls

AUGUST 28, 2024

This not only highlights the importance of employee benefits in fostering loyalty and satisfaction but also underscores the potential risks for companies that fail to prioritize this aspect of their compensation strategy. What are employee benefits providers? This reduces the administrative burden on HR departments.

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HR Digest

MAY 21, 2023

A strong employee benefit package can go a long way. Employer benefits package is key to attracting and retaining top talent. Employee benefits have become an essential part of any competitive compensation package. What do you want to achieve with the employee benefit package 2. Payroll taxes 2.

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