…any former employee who still has assets in the plan. In order to be considered an eligible participant, an individual does not have to contribute or receive employer contributions or otherwise have any activity in the plan in order to be included in the beginning…
…to help. Talk to us about how we can create effective programs to talk with employers and communicate more effectively about what these mean and how to take advantage of them. It’s a way to clearly separate yourself from your competition while establishing a key…
As an employer, implementing Auto-Enrollment features can help to shift employees in the direction of retirement savings while still allowing the freedom to make their own choices. Join us as we discuss what you need to know to implement or improve upon auto-enrollment features, including:…
…programs, which states have programs in place, those that will be launching in the near future, the features of each state plan and possible alternatives for employers in impacted states. Plus, we will discuss the provisions of SECURE Act 2.0 that affect state-sponsored retirement plans….
…answer is yes. We know, of course, that employers make Social security contributions of 6.2% up to the taxable wage base each year. So, on a percentage basis, the company actually contributes a smaller amount of pay for higher paid employees than it does for…
…their circumstances and more importantly, their goals. After all, we know that employers sponsor retirement plans for a variety of reasons: Some want to maximize the opportunity to save for their own retirement. For some, it’s important to provide a vehicle for their employees to…
…covered by its research, about two-thirds did not offer a withdrawal option and about three-quarters did not offer an annuity option. “Concerns about legal risks and record keeper constraints may deter many plan sponsors — typically employers that provide 401(k) plans and establish investment and…
…Allowing individuals to pay down a student loan instead of contributing to a 401(k) plan — while still receiving an employer match in their retirement plan. Making it easier for military spouses who change jobs frequently to save for retirement. Allowing individuals more flexibility to…
…that would end up costing Treasury led to its ouster. Also dropped was a provision that would have expanded Internal Revenue Code Section 1042 to include sales of employer stock to S corporation employee stock ownership plans (ESOPs), with the idea reportedly to be revisited…
…per year from employer-sponsored retirement accounts and IRAs. It also would require that the borrower repay the withdrawn amount before another emergency distribution would be allowed. “Nearly four in ten Americans can’t afford a $400 emergency expense,” Bennet said. “I hear all the time from…
Cybersecurity is defined as the state of being protected against the criminal or unauthorized use of electronic data, or the measures taken to achieve this. What does this mean for your employer sponsored retirement plan? ERISA-covered plans often hold millions of dollars or more in…