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?”

401(k) 98

401(k) Retirement Plan Taxes Consulting 98

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.

401(k) 109

401(k) Retirement Plan Government Management 109

Employee Benefit News

AUGUST 10, 2023

Bank of America's recent data found that retirement account balances have increased almost 10% from the end of 2022.

401(k) 246

401(k) Banking Management 246

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) 96

401(k) Retirement Plan Health Savings Account Deductible 96

Money Talk

JUNE 5, 2024

Get Involved With Family Finances - All women should understand their household’s cash flow (income minus expenses) and net worth (assets minus debts), even if they are not the lead financial manager in their family. Know Your Investing Options - Major investment categories include stocks, bonds, cash equivalent assets (e.g.,

401(k) 313

401(k) Finance Taxes Utilities 313

Best Money Moves

DECEMBER 4, 2024

Some employees have resorted to borrowing from their 401(k) to help make ends meet. Solution: Contribute to employees’ 401(k)s through match contributions To help employees stressed about money afford today’s expenses, many companies have invested in a match contribution program.

401(k) 104

401(k) Finance Education Employment 104

Money Talk

MARCH 24, 2022

About 90% of women will need to manage money alone at some point in their lives. ¨ “Through Retirement” Goals- Working age women often focus on “to retirement” goals (e.g., saving for later life in an IRA or 401(k) plan) while older women need “through retirement” goals. 401(k)s), tax-deferred accounts (e.g.,

401(k) 278

401(k) Finance Entertainment Taxes 278

Employee Benefit News

FEBRUARY 8, 2023

(..)

401(k) 203

401(k) IT Retirement Plan Management 203

WEX Inc.

NOVEMBER 21, 2024

AI and data-driven solutions Artificial intelligence (AI) and data-driven platforms significantly change how companies manage and administer benefits. Beyond the traditional 401(k) match , some employers are introducing student loan repayment matching , helping employees reduce debt while saving for retirement.

Employee Benefits 104

Employee Benefits 401(k) Employment Health Savings Account 104

Money Talk

MARCH 15, 2023

Examples include surrender charges, sales commissions (loads), management fees, and mortality charges. What Not to Do - Annuities are generally not appropriate for qualified retirement plans such as 401(k)s or IRAs. Annuity salespeople sometimes convince people there are no fees but, of course, there are.

401(k) 244

401(k) Life Insurance Taxes Insurance 244

Money Talk

JUNE 22, 2023

TSP, 401(k)s, and 403(b)s), and annuities so that proceeds can be transferred to beneficiaries free of probate. A guardian must be appointed by the court to manage assets of minor children until they reach legal age. and Are they capable and mature enough to manage money? spouse, children, charitable organizations).

401(k) 235

401(k) Life Insurance Retirement Plan Finance 235

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. Educational resources for further wellness-related education and guidance, such as general tips on nutrition, exercise and stress management. Weight-management programs.

Employee Wellness 80

Employee Wellness 401(k) PTO Retirement Plan 80

Business Management Daily

MAY 5, 2022

Defined contribution plans such as 401(k) plans were never meant to function as retirement plans—they are profit-sharing plans. But you managed your investments and you absorbed the losses. The undisputed fact is, however, 401(k) plans have morphed into retirement plans. And they’re beginning to blame employers.

401(k) 133

401(k) Retirement Plan Deductible Deductions 133

Money Talk

SEPTEMBER 22, 2022

401(k)s, IRAs) • Out-of-pocket health care expenses • Poor credit history due to delayed bill-paying • Lost lifetime earnings due to unemployment and premature death • Grandparents raising grandchildren (impact on retirees) Financial Action Steps - The objective here is to prevent an opioid user’s access to cash with which to buy drugs.

Finance 245

Finance 401(k) Hospitality Taxes 245

Proskauer's Employee Benefits & Executive Compensa

AUGUST 5, 2022

Dudenhoeffer , courts around the country have overwhelmingly rejected ERISA fiduciary-breach claims by 401(k) plan participants seeking relief related to investments in company stock funds. Among the menu of investment options in the Boeing 401(k) plan was a Boeing stock fund in which plan participants could invest in Boeing stock.

401(k) 114

401(k) Management IT 114

Money Talk

OCTOBER 19, 2023

401(k) and 403(b) plans) because contributions are deducted automatically from workers’ paychecks and employers may match them, in which case, it is smart to save enough to earn the maximum employer match. Average monthly benefit in 2023: $1,827 ($21,924 per year). walking on a treadmill) that does not involve much thinking.

401(k) 213

401(k) Finance Medical Deductible 213

Money Talk

FEBRUARY 10, 2022

After work, commuting, eating, sleeping, and/or exercise, many people have less than five hours on a typical weekday to manage everything in their life, including personal finances. 401(k), 403(b), 457, or TSP). Fund managers select fund securities. How do you take charge of your finances when time is at a premium?

401(k) 189

401(k) Finance Taxes Retirement Plan 189

Money Talk

SEPTEMBER 14, 2023

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. Account Consolidation - Benefits include fewer account management fees, less maintenance (e.g., Beneficiary types include a spouse, non-spouse (e.g.,

Taxes 194

Taxes 401(k) Retirement Plan Pension 194

Proskauer's Employee Benefits & Executive Compensa

JANUARY 24, 2023

A district court in New York recently dismissed a putative class action challenging retirement plan recordkeeping and investment management fees. District Court for the Southern District of New York, alleging that it violated ERISA in its management of both a 401(k) plan and a profit-sharing plan. The case is Singh v.

401(k) 109

401(k) Profit Sharing Plan Retirement Plan Management 109

HR Lineup

MAY 9, 2023

The platform is designed to help medical professionals and patients manage healthcare needs more efficiently, utilizing technology to improve the overall healthcare experience. Pazcare provides its employees with 401(k) plans, which are retirement savings plans that allow employees to save for their future.

401(k) 130

401(k) Flexible Spending Account Health Insurance PTO 130

Money Talk

DECEMBER 22, 2021

In 2022, retirement savers in 401(k)/403(b)/457 plans and the federal Thrift Savings Plan (TSP) who are under age 50 can contribute up to $20,500, a $1,000 increase from $19,500 in 2021. for average actively managed stock funds. Older workers age 50+ can contribute up to $27,000 with a $6,500 catch-up contribution.

401(k) 232

401(k) Pension Taxes Deductible 232

Vantage Circle

SEPTEMBER 6, 2024

April Financial Literacy Month (April): Bring awareness to your employees of the importance of financial literacy and intelligent money management. Share weekly financial tips or resources via email or the company intranet to encourage intelligent money management. "Sometimes the most productive thing you can do is relax."

401(k) 106

401(k) Education Media Food 106

HR Lineup

DECEMBER 27, 2022

Rippling is a comprehensive time and attendance software that streamlines the process of tracking employee hours and managing payroll. This allows businesses to manage all their employee data in one place, eliminating the need for multiple systems and reducing the risk of errors.

401(k) 130

401(k) Payroll System Payroll Deductible 130

HR Lineup

DECEMBER 28, 2022

This includes everything from health insurance and 401(k) plans to employee assistance programs and life insurance. This includes everything from payroll processing and employee onboarding to performance management and employee development. Invo PEO also offers risk management services to its clients.

401(k) 130

401(k) Life Insurance Health Insurance Professional Employer Organization 130

HR Lineup

DECEMBER 29, 2022

Their services include payroll, benefits, HR management, and compliance support, allowing businesses to outsource these tasks and focus on their core operations. These include access to a wide range of health insurance plans, 401(k) retirement plans, and employee assistance programs.

401(k) 130

401(k) Retirement Plan Health Insurance Professional Employer Organization 130

Proskauer's Employee Benefits & Executive Compensa

JANUARY 30, 2023

Historically, the Code restricted 403(b) plans more than 401(k) plans in terms of the contributions and earnings available for hardship withdrawal. This change will allow 403(b) plans to aggregate plan management services, potentially resulting in simpler and more cost-effective plan administration. Before SECURE 2.0,

401(k) 111

401(k) Taxes Retirement Plan Commissions 111

HR Lineup

JANUARY 29, 2023

The platform is designed to be user-friendly and accessible, allowing small businesses to easily manage their HR needs and reduce their risk of non-compliance. It helps small businesses simplify their HR processes, manage compliance, offer competitive benefits, and retain top talent. The post Bambee appeared first on HR Lineup.

401(k) 130

401(k) Payroll Service Health Insurance Payroll 130

Business Management Daily

SEPTEMBER 1, 2023

The saga of 401(k) catch-up contributions under SECURE 2.0 For employees who contribute to more than one 401(k) plan during a year—an old employer’s plan and a new employer’s plan, for example—contributions into each plan would be treated separately for purposes of determining whether the $145,000 threshold has been reached.

401(k) 97

401(k) Taxes Payroll Software Payroll 97

Best Money Moves

NOVEMBER 6, 2024

To address this, companies can offer mindfulness and emotional intelligence programs that help employees manage stress and improve focus. By providing stress management workshops and coaching apps, companies can provide employees with resources to handle stress at their own pace.

401(k) 59

401(k) Voluntary Benefits Life Insurance Banking 59

HR Lineup

FEBRUARY 5, 2023

In addition to retirement planning, Personal Capital also offers tools for investment management, including a portfolio tracker, performance analysis, and investment tracking. Users can connect all their investment accounts, including 401(k)s, IRAs, brokerage accounts, and more, to get a complete view of their finances in one place.

401(k) 130

401(k) Retirement Plan Finance Software 130

HR Lineup

FEBRUARY 9, 2023

Zenefits is a cloud-based software platform designed to simplify the management of employee benefits for small and medium-sized businesses. It offers a comprehensive solution for businesses to manage their employee benefits program and streamline various HR processes such as onboarding, payroll, and compliance.

401(k) 130

401(k) Insurance Carriers Voluntary Benefits Life Insurance 130

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. Today, most employees prefer to manage their finances using digital apps and technology (including banking and investing), according to Bank of America’s 2022 report.

401(k) 119

401(k) Retirement Plan Banking Finance 119

Insperity

AUGUST 25, 2022

Veronica Medlin Managing Director, Insperity 401(K) Plans Insperity. Veronica Medlin Managing Director, Insperity 401(K) Plans Insperity. Amy Schisler Managing Director, Midmarket Consulting & Development Insperity. Joanne Crossland Managing Director, Service Operations Insperity.

401(k) 113

401(k) Consulting Health Management 113

HR Lineup

MARCH 10, 2023

Hoops HR is a cloud-based human resources management software designed to help small and mid-sized businesses streamline their HR processes. The software offers a range of features including applicant tracking, onboarding, time and attendance, benefits administration, performance management, and more.

401(k) 130

401(k) Insurance Carriers Payroll System Human Resources 130

HR Lineup

FEBRUARY 9, 2023

The platform is designed to help businesses streamline and automate various HR processes such as benefits administration, payroll management, and compliance with state and federal regulations. The platform also offers tools to help businesses manage their employee benefits enrollment, open enrollment periods, and benefits renewals.

401(k) 130

401(k) Payroll Manager Payroll Health Insurance 130

Money Talk

DECEMBER 21, 2022

Dollar-cost averaging works best if investment deposits are “automated,” such as authorizing 401(k) plan payroll deductions or automatically debiting a bank account monthly for mutual fund share purchases. For example, $100 in a mutual fund or 5% of pay every payday in an employer retirement savings plan.

401(k) 180

401(k) Banking Food Deductible 180

HR Digest

OCTOBER 24, 2024

The Boeing workers contract rejection is a blow to investor and management hopes of a resolution to the acrimonious dispute. Boeing’s proposal The latest proposal, announced last Saturday, included 35% raises over four years, increased 401(k) contributions, a $7,000 bonus and other improvements.

401(k) 52

401(k) Pension Bonuses Management 52