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Employee Focused Retirement Plans

HR Professionals Magazine

As an HR professional, you might read that title and think, “Duh – aren’t all retirement plans focused on employees?” 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.

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Why SECURE 2.0 Act Auto-Enrollment and Escalation Will Boost Employee Financial Well-Being

Griffin Benefits

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

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5 Best Compensation Tools 2022 in HRM

HR Lineup

With an effective compensation plan, your employees will be comfortable and satisfied, thus working long term. A good compensation plan also attracts quality talent and builds your employer brand, thus attracting more clients and investors. Random Walk Ventures LLC is responsible for the original creation of the planner in 2006.

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DOL Proposes Self-Correction Option and Other Changes to Voluntary Fiduciary Correction Program

Proskauer's Employee Benefits & Executive Compensa

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.

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DOL – New Electronic Disclosure Guidance for Pension Plans under ERISA

AssuredPartners

The DOL (US Department of Labor) is proposing in this document a new, additional safe harbor for the use of electronic media by Retirement plans to furnish information to participants and beneficiaries of plans subject to the Employee Retirement Income Security Act of 1974 (ERISA).

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What is the SECURE Act?

Abel HR

This, and many other factors, has paved the way for an upgrade in the US’s retirement system. 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.

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AbelHR: What is the SECURE Act?

Abel HR

This, and many other factors, has paved the way for an upgrade in the US’s retirement system. 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.

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