Money Talk

SEPTEMBER 22, 2022

Below are my take-aways from the conference presentation: Staggering numbers - According to various U.S. My role on the panel was to discuss the financial implications of the opioid crisis on individuals, families, and the country. Department of Health and Human Services reports, 10.1

Finance 245

Finance 401(k) Hospitality Taxes 245

Insperity

OCTOBER 1, 2024

Experiencing “presenteeism”, meaning they are not mentally present or productive even when they are physically at work. Emphasize wellness in benefits offerings Most standard benefits packages include things like health insurance, a 401(k) retirement plan and PTO. Prone to burnout. At higher risk for leaving the company.

Employee Wellness 80

Employee Wellness 401(k) PTO Retirement Plan 80

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

APRIL 28, 2022

A psychological connectedness to future selves informs present behavior. Many people change their goals when presented with a master list of goals that forces them to think deeper about what they want. Studies have found that, when people identify with their future selves , they save more money for retirement. credit cards), 4.

401(k) 186

401(k) Health Savings Account Finance Retirement Plan 186

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. employer-sponsored 401(k) plans. Starting in 2024, employees’ annual contribution limits to some SIMPLE 401(k)s or IRAs will rise. The SECURE 2.0

401(k) 113

401(k) Retirement Plan Taxes Benefits Package 113

Proskauer's Employee Benefits & Executive Compensa

MAY 4, 2023

A third district court has dismissed with prejudice a complaint alleging that defendants breached their fiduciary duties under ERISA by offering 401(k) plan participants the option to invest in BlackRock LifePath Index Target Date Funds (the “Funds”). Microsoft , Case No. 22-cv-1082 (W.D.

401(k) 110

401(k) Food IT 110

Money Talk

DECEMBER 29, 2022

Decumulation is Different- One webinar presenter noted that “investing for distribution in retirement is different from investing for accumulation” and used the analogy of climbing a mountain (investing for retirement) and “making it safely down the mountain” (not running out of money during your lifetime). Many have to settle for less.

401(k) 181

401(k) Taxes Retirement Plan Finance 181

Money Talk

DECEMBER 21, 2022

Below is a simple description of terms that are commonly used in financial reports and presentations: Inflation- This is the erosion of purchasing power over time. One factor that can be daunting to many people is the technical jargon used by professionals and financial media outlets.

401(k) 180

401(k) Banking Food Deductible 180

Insperity

AUGUST 25, 2022

Veronica Medlin Managing Director, Insperity 401(K) Plans Insperity. Be present with your team. Being present, each and every day – and truly knowing the people I work and interact with – allows the building of real relationships. Veronica Medlin Managing Director, Insperity 401(K) Plans Insperity.

401(k) 113

401(k) Consulting Health Management 113

Vantage Circle

SEPTEMBER 6, 2024

National 401(k) Day (September 9): Promote retirement savings awareness to better prepare for the future. Host a seminar or webinar on 401(k) plan benefits and retirement savings. Share tips and resources on maximizing 401(k) contributions and planning for retirement.

401(k) 106

401(k) Education Media Food 106

Proskauer's Employee Benefits & Executive Compensa

SEPTEMBER 21, 2023

Participants in AT&T’s 401(k) plan sued the plan administrator and the plan’s investment committee, alleging that defendants engaged in prohibited transactions and breached their duty of prudence by failing to investigate and evaluate all compensation earned by the plan’s longtime recordkeeper. The case is Bugielski v.

401(k) 110

401(k) Construction Employee Benefits Management 110

Best Money Moves

FEBRUARY 2, 2022

Among the many insights offered from the survey, one theme presented itself again and again: Employees’ financial stability took a hit during the pandemic and it’s time for employers to step in and help. The study, which compiled responses from 1,000 employed U.S.

401(k) 126

401(k) Finance Benefits Package Comprehensive Benefits 126

Flimp Communications

DECEMBER 19, 2024

Consumer Financial Protection Bureau , is defined as having financial security and financial freedom of choice, in the present and in the future. 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.

401(k) 52

401(k) Financial Counseling Finance Education 52

Proskauer's Employee Benefits & Executive Compensa

AUGUST 18, 2023

The courts in both cases addressed various allegations that the fiduciaries had breached their duties by failing to prudently manage their respective 401(k) plans. LEXIS 130614 (M.D.N.C. July 28, 2023). The England court dismissed plaintiffs’ claims that recordkeeping costs were too high while the McDonald court upheld them.

401(k) 92

401(k) Management IT 92

Insperity

SEPTEMBER 21, 2023

However, solutions that worked in the past may not be sufficient for the challenges of the present and future. Look beyond the 401(k) Employees tend to think of a 401(k) retirement plan as a standard, commonplace benefits offering.

401(k) 105

401(k) IT Benefits Package Finance 105

HR Lineup

JANUARY 24, 2024

Key Components of Proof of Investment Proof of Investment submissions typically comprise a set of essential documents that employees present to validate their investment claims. Eligible investments may include: Retirement Accounts: Contributions to 401(k) , IRA, or other employer-sponsored retirement plans.

401(k) 130

401(k) Retirement Plan Taxes Education 130

15Five

FEBRUARY 1, 2024

Think of the venerable 401(k) match, for instance. For example, we’ve found that Gen Z employees are often more interested in student loan repayment assistance programs than a 401(k) match. Rather than making every meeting a Zoom call, try to get some face time with your team every so often.

401(k) 98

401(k) Human Resources Work From Home Health 98

Money Talk

AUGUST 24, 2023

traditional RIRAs and 401(k)s). Present Bias- A common error of younger retirees is thinking that their life will always look the way it does today (i.e., Tax Diversification - Ideally, retirees should have assets in three different “buckets” that are taxed differently: taxable investment accounts, tax-free investments (e.g.,

401(k) 100

401(k) Taxes Life Insurance Insurance 100

Best Money Moves

SEPTEMBER 5, 2023

Companies across the nation have presented several solutions that can aid employees during financial emergencies. Sometimes creditors or debt collectors will resort to lawsuits in an attempt to collect owed money — generally about 15% of debts are sued by a creditor or debt collector regarding unpaid funds. Consider Best Money Moves.

401(k) 98

401(k) Banking Employment IT 98