Griffin Benefits
JUNE 29, 2023
contains dozens of changes to retirement plans, but perhaps none bigger than these two: New 401(k) and 403(b) plans will be required to automatically enroll participants in the respective plans, and employee salary deferral rates will automatically escalate each year. The SECURE Act 2.0 SECURE ACT 2.0
HR Professionals Magazine
SEPTEMBER 2, 2021
As pensions have gone by the wayside and 401(k) plans have gained more notoriety, employees have become increasingly more aware of their employer sponsored retirement plans, and the financial benefits they provide. At its most basic level, a 401(k) plan allows employees to save for their personal retirement needs.
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Abel HR
DECEMBER 7, 2020
This legislation should interest individuals and employers as it can impact both financial planning and retirement. The act is now the most extensive reform to impact the economy since the Pension Protection Act of 2006. It allows long-term, part-time workers to take part in 401(k) plans. What is the SECURE Act?
Abel HR
DECEMBER 7, 2020
This legislation should interest individuals and employers as it can impact both financial planning and retirement. The act is now the most extensive reform to impact the economy since the Pension Protection Act of 2006. It allows long-term, part-time workers to take part in 401(k) plans. What is the SECURE Act?
Proskauer's Employee Benefits & Executive Compensa
DECEMBER 12, 2022
Department of Labor (the “DOL”) proposed changes to its Voluntary Fiduciary Correction Program (the “VFCP”) in November for the first time since 2006. The employer files a self-correction notice with the DOL and retains certain records similar to the records that would need to be submitted with a filing under the VFCP today.
Corporate Synergies
AUGUST 6, 2018
High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% Treat the HSA More Like a 401(k) than an FSA. million accounts in 2006 to over 22 million at the end of 2017.
Empuls
SEPTEMBER 25, 2023
Employers must consider these requests seriously and can only reject them on reasonable business grounds. Various new pieces of legislation aim to extend traditional employment protections, like minimum wage and benefits, to gig workers and freelancers. New labor laws are granting employees the right to request flexible work hours.
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