HR Digest

FEBRUARY 13, 2022

To provide financial support, many employers think about 401K retirement plans a nd student loans. These employee benefits would increase the happiness at work and it would produce a better performance of the current employees. . The Great Resignation is a difficult situation nowadays.

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401(k) Retirement Plan Pension Work From Home 116

Achievers

JUNE 6, 2022

What do you think of when employee benefits are mentioned? Traditional offerings like health insurance and retirement plans are likely the first things that come to mind. Building a great benefits program helps your company attract and retain the best talent possible, keeping team members engaged and happy.

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

HR Digest

AUGUST 28, 2023

Are you a self-employed individual or a small business owner looking for a retirement savings plan that offers flexibility and control? This mini-guide explores whether a solo 401k is a good idea for individuals like you. Making sound financial decisions is essential, especially when it comes to planning for your future.

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401(k) Retirement Plan Taxes Consulting 98

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 221

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.

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401(k) Retirement Plan Finance Government 245

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.

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401(k) Retirement Plan Government Management 109

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. Retirement plan maximums.

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401(k) Deductible Deductions Flexible Spending Account 98

McDermott Will & Emery Employee Benefits

JUNE 7, 2022

The US Department of Labor (DOL) recently issued guidance for the first time on the investment of retirement plan assets in cryptocurrencies. The post When Are Cryptocurrencies Appropriate Investments for Retirement Plans and IRAs? appeared first on EMPLOYEE BENEFITS BLOG. Compliance Assistance Release No.

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Retirement Plan 401(k) Employee Benefits Commissions 96

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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401(k) IT Retirement Plan Media 97

HR Digest

MARCH 12, 2025

In an era of rising healthcare costs, these benefits are non-negotiable for many workers. Financial Incentives Beyond salaries, employers might offer retirement plans (e.g., 401(k) matching), stock options, or performance bonuses. These examples tie employee success to company growth, fostering loyalty.

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401(k) Health Insurance Taxes Retirement Plan 72

WEX Inc.

JULY 24, 2023

Fortunately, there’s an often overlooked way to help employees build wealth and prepare for retirement. Why HSAs for retirement planning? These accounts provide another way for your employees to diversify their efforts to prepare for retirement. Click below to get your free HSA retirement white paper.

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Retirement Plan 401(k) Health Savings Account Taxes 98

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.

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401(k) Retirement Plan IT 110

WEX Inc.

JUNE 13, 2023

And baby boomers are actually the highest percentage of retirement-account holders among any group segmented in a 2021 survey by the U.S. This lack of retirement planning by large segments of employees is leading to more stress for them and less productivity at work. First, offer retirement plans.

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Retirement Plan 401(k) IT Healthcare 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. In the DOL’s guidance, they acknowledge the wave of enthusiasm around crypto and the potential for them to become investment options in 401(k) plans.

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Retirement Plan 401(k) Banking Education 98

Insperity

OCTOBER 1, 2024

It offers more accommodation to employees in a caregiver role, whether it’s parenting or caring for a sick, disabled or elderly family member. This impacts the vast majority of employees. Emphasize wellness in benefits offerings Most standard benefits packages include things like health insurance, a 401(k) retirement plan and PTO.

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Employee Wellness 401(k) PTO Retirement Plan 84

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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Benefit Providers Employee Benefits 401(k) Retirement Plan 40

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

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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401(k) Retirement Plan Taxes Employment 52

HR Digest

MARCH 28, 2023

Having a retirement plan is an important aspect of financial planning. 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.

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401(k) roth 401(k) Retirement Plan IT 64

International Foundation of Employee Benefit Plans

JULY 9, 2024

So far in 2024, the Department of Labor (DOL) has released proposals for plan administrators to populate a missing participant database and automatic portability of retirement plan accruals when employees change jobs.

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Retirement Plan 401(k) Employee Benefits 109

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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Benefits Package 401(k) Employee Benefits Disability Insurance 105

McDermott Will & Emery Employee Benefits

DECEMBER 20, 2023

The Internal Revenue Service (IRS) recently issued new guidance clarifying key aspects of the broadened retirement plan eligibility rule for long-term, part-time employees under the SECURE 2.0

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401(k) Retirement Plan Employee Benefits Employment 102

Insperity

OCTOBER 10, 2023

At its most basic level, the law encourages people to not only save money for retirement , but to save more and also become financially stable in the present. To do this, the law makes broad changes to the foundation of retirement preparation in the U.S.: employer-sponsored 401(k) plans. The SECURE 2.0

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401(k) Retirement Plan Taxes Benefits Package 116

Business Management Daily

MARCH 21, 2022

Setting up a 401(k) for employees can be a daunting task for small business owners. It is one of the most highly regulated employee benefits. Small businesses can often feel like a family, as you may spend years or even decades growing your business with your loyal employees. What is a 401(k)?

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401(k) roth 401(k) Retirement Plan Deductible 52

Genesis HR Solutions

SEPTEMBER 22, 2020

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. 16+ types of employee benefits you should consider. Retirement. 401(k) & 403(b) Retirement Plans.

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401(k) Employee Benefits roth 401(k) Disability Insurance 98

Employee Benefit News

NOVEMBER 28, 2023

Holistic communication can help educate employees on how to make the most of their retirement plans.

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Retirement Plan Education 401(k) Employee Benefits 299

McDermott Will & Emery Employee Benefits

FEBRUARY 1, 2023

What do retirement plan professionals and participants need to know about the recently passed SECURE 2.0 appeared first on EMPLOYEE BENEFITS BLOG. appeared first on EMPLOYEE BENEFITS BLOG. Act of 2022?

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401(k) Retirement Plan Employee Benefits 97

Empuls

AUGUST 27, 2024

Now more than ever, employee benefit packages are considered important for the unwieldy terrain of today's job market. Only those organizations that understand how to use this most powerful approach to their advantage by including comprehensive benefits in kind do well in the market for acquiring and retaining key brainpower.

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Family and Medical Leave Act Employee Benefits 401(k) Benefits Package 40

Insperity

JANUARY 2, 2020

It’s no secret that current and prospective employees want their employer to offer a retirement plan. Whether your company is looking for a new retirement plan provider or reviewing your current retirement benefits, the first thing you need to understand is one size does not fit all.

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Retirement Plan 401(k) Payroll Employment 68

McDermott Will & Emery Employee Benefits

NOVEMBER 1, 2023

The Internal Revenue Service (IRS) recently opened a new determination letter approval program for 403(b) retirement plans—commonly used by nonprofit organizations—which allows sponsors of certain individually designed plans to apply for a favorable determination letter.

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401(k) Retirement Plan Employee Benefits 101

McDermott Will & Emery Employee Benefits

JANUARY 24, 2023

Join partners from McDermott’s Employee Benefits team on Wednesday, January 25, 2023, as they discuss the impact of the recently passed SECURE 2.0 Takes Second Bite at Retirement Security appeared first on EMPLOYEE BENEFITS BLOG. Takes Second Bite at Retirement Security appeared first on EMPLOYEE BENEFITS BLOG.

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401(k) Retirement Plan Employee Benefits 97

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. Plan sponsors had questioned how the “establishment date” would apply in the context of plan mergers and spin-offs. Merger of Pre-SECURE 2.0

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401(k) Taxes Retirement Plan Employment 111

Griffin Benefits

NOVEMBER 1, 2022

The IRS has finally announced adjustments to 2023 contribution limits on various tax-advantaged health and dependent care spending accounts, retirement plans, and other employee benefits such as adoption assistance and transportation benefits. 2023 Retirement Plan Limits Increase.

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401(k) Retirement Plan Health Savings Account Deductible 85

Best Money Moves

APRIL 17, 2019

Retirement concerns: is financial literacy the solution? Those workers that do have a 401k aren’t saving enough to cover expenses in retirement, even when employers match contributions. Americans Are Not Saving Enough for Retirement. Can Financial Literacy Solve Retirement Concerns? Nearly half of U.S.

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401(k) Retirement Plan Finance Insurance 97

HR Lineup

MAY 10, 2023

The company was founded in 2008, and since then, it has grown to become one of the leading providers of employee benefits services in the US. The platform offers a wide range of benefits administration solutions, including health and wellness programs, retirement planning, and employee insurance plans.

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401(k) Insurance Carriers Retirement Plan Disability Insurance 130

HR Digest

FEBRUARY 8, 2023

If you’ve ever wondered what happens to your 401(K) when you leave a job, you’re not alone. In fact, it’s one of the most common questions employees ask when they intend to leave their jobs and make a 401(K) withdrawal. So what happens to your 401(K) when you quit or are fired?

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401(k) Retirement Plan Taxes Employment 52

McDermott Will & Emery Employee Benefits

DECEMBER 12, 2024

With the 2025 plan year right around the corner, this is the ideal time for plan sponsors to ensure that plan operations comply with evolving legislative and regulatory requirements. This client alert highlights important regulatory changes that will impact retirement plans and health and welfare plans in the coming year.

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Health and Welfare Retirement Plan Employee Benefits 401(k) 52