WEX Inc.

MAY 29, 2024

Supporting employees through retirement planning and phased retirement options helps them feel valued even as they leave the organization. During employment, benefits like health insurance, retirement plans, and wellness programs contribute to sustained engagement and overall well-being.

Retirement Plan 98

Retirement Plan Taxes Health Insurance Recruitment 98

McDermott Will & Emery Employee Benefits

NOVEMBER 1, 2023

The Internal Revenue Service (IRS) recently opened a new determination letter approval program for 403(b) retirement plans—commonly used by nonprofit organizations—which allows sponsors of certain individually designed plans to apply for a favorable determination letter.

401(k) 71

401(k) Retirement Plan Employee Benefits 71

McDermott Will & Emery Employee Benefits

DECEMBER 20, 2023

The Internal Revenue Service (IRS) recently issued new guidance clarifying key aspects of the broadened retirement plan eligibility rule for long-term, part-time employees under the SECURE 2.0

401(k) 73

401(k) Retirement Plan Employee Benefits Employment 73

McDermott Will & Emery Employee Benefits

APRIL 4, 2024

which was passed in December 2022, includes more than 90 provisions affecting US retirement plans, many of which are specifically aimed at enhancing savings opportunities […] The post A Q&A and More Delay: IRS Begins to Issue Clarifying Guidance on SECURE 2.0 Provisions appeared first on EMPLOYEE BENEFITS BLOG.

Retirement Plan 59

Retirement Plan Employee Benefits 401(k) 59

McDermott Will & Emery Employee Benefits

OCTOBER 11, 2023

Act codifying an opportunity for employers to provide matching contributions within a tax-qualified retirement plan based on their employees’ qualified student loan payments outside the plan. appeared first on EMPLOYEE BENEFITS BLOG. In December 2022, Congress enacted groundbreaking legislation as part of the SECURE 2.0

Retirement Plan 78

Retirement Plan Employment Taxes Employee Benefits 78

McDermott Will & Emery Employee Benefits

JUNE 30, 2023

Retirement plans often apply (and in some cases are required to use) multiple definitions of wages or compensation for various plan purposes. Given this complexity, failures to follow a plan’s definition of compensation are one of the most common issues experienced by retirement plan sponsors.

Retirement Plan 65

Retirement Plan Employment Employee Benefits 65

McDermott Will & Emery Employee Benefits

FEBRUARY 1, 2023

What do retirement plan professionals and participants need to know about the recently passed SECURE 2.0 appeared first on EMPLOYEE BENEFITS BLOG. appeared first on EMPLOYEE BENEFITS BLOG. Act of 2022?

401(k) 71

401(k) Retirement Plan Employee Benefits 71

Insperity

OCTOBER 10, 2023

Act of 2022 enables business leaders to: Deliver additional financial benefits to round out an organization’s compensation strategy Remain competitive in an increasingly dynamic labor market Win the war for talent In this blog, we’ll discuss: What the SECURE 2.0 employer-sponsored 401(k) plans. The SECURE 2.0

401(k) 108

401(k) Retirement Plan Taxes Benefits Package 108

McDermott Will & Emery Employee Benefits

JULY 6, 2023

The Internal Revenue Service’s (IRS) Employee Plans Compliance Resolution System (EPCRS) allows employers to correct errors involving the maintenance and operation of tax-qualified retirement plans. Act and the Future of the Employee Plans Compliance Resolution System appeared first on EMPLOYEE BENEFITS BLOG.

Retirement Plan 74

Retirement Plan Taxes Employee Benefits Employment 74

McDermott Will & Emery Employee Benefits

AUGUST 15, 2023

Nearly all employers offer eligible participants the opportunity to make additional catch-up contributions to their retirement plans. s Catch-Up Contributions, Age Is More Than Just a Number appeared first on EMPLOYEE BENEFITS BLOG. However, beginning in 2025, the SECURE 2.0 For SECURE 2.0’s

Retirement Plan 68

Retirement Plan Employee Benefits Employment 68

Pacific Prime

MARCH 9, 2023

Retirement planning for gen Z’ers? The post The Complete Guide to Flexible Benefits appeared first on Pacific Prime's Blog. Student loan benefits for baby boomers? Parental leave for the millennial that’s decided never to have kids? These are the dilemmas that many employers are now facing.

Parental Leave 98

Parental Leave Retirement Plan Employment Health Insurance 98

Proskauer's Employee Benefits & Executive Compensa

JANUARY 11, 2023

includes significant changes for retirement plan sponsors and employers, as discussed in our prior blog posts. If you are looking for a short summary organized by effective date, we have prepared a “pocket guide” chart, which can be downloaded here.

Retirement Plan 93

Retirement Plan 401(k) Employment 93

McDermott Will & Emery Employee Benefits

OCTOBER 12, 2022

On September 26, 2022, the Internal Revenue Service (IRS) extended the amendment deadline for non-governmental qualified retirement plans, plans covered under Section 403(b) of the Internal Revenue Code (Code) and individual retirement accounts (IRAs).

Retirement Plan 78

Retirement Plan IT Employee Benefits Executive Compensation 78

McDermott Will & Emery Employee Benefits

JANUARY 24, 2023

With over 90 changes to retirement plans and individual retirement accounts (IRAs), this webinar will highlight the key changes for 401(k) and 403(b) plans and defined benefit plans, as […] The post JOIN US: SECURE 2.0 Takes Second Bite at Retirement Security appeared first on EMPLOYEE BENEFITS BLOG.

401(k) 70

401(k) Retirement Plan Employee Benefits 70

McDermott Will & Emery Employee Benefits

MAY 19, 2022

Fiduciaries of 403(b), 401(a) and 457(b) retirement plans have come under increased scrutiny in recent years, in part due to participant lawsuits filed against plan sponsors and the resulting media attention.

Retirement Plan 87

Retirement Plan Consulting Media Employee Benefits 87

Benefit Resource Inc.

APRIL 4, 2024

While traditionally associated with healthcare expenses, HSAs can play a pivotal role in retirement planning for your employees. Let’s look at how HSAs and retirement intersect, and why integrating HSAs into your benefits strategy can be a game-changer for both your employees and your organization.

401(k) 52

401(k) Retirement Plan Benefits Package Deductions 52

Proskauer's Employee Benefits & Executive Compensa

SEPTEMBER 13, 2023

With respect to the second allegation, the participants alleged that the plan fiduciaries failed to regularly issue requests for proposal and relied on the “401k Averages Book,” which purported to show that other retirement plans paid substantially less for recordkeeping services.

401(k) 109

401(k) Retirement Plan Government Management 109

Pacific Prime

JULY 19, 2023

Small Businesses should include health insurance, a retirement plan, and paid time off in their employee benefits package. Are you an employer ready to revise your employee benefits plan? appeared first on Pacific Prime's Blog. The post What Employee Benefits Should Small Businesses Include?

Employee Benefits 52

Employee Benefits Retirement Plan Workers’ Compensation Benefits Package 52

Qandle

OCTOBER 9, 2023

In this blog post, we will explore the significance of HR Manuals, the reasons why every organization needs one, and a detailed guide on how to create an impactful HR Manual tailored to your company’s unique needs. Benefits overview (healthcare, retirement plans, paid time off, etc.). Overtime policies.

Human Resources 98

Human Resources Retirement Plan Media Overtime 98

Snell & Wilmer Benefits

AUGUST 28, 2023

On August 25, 2023, the IRS issued Notice 2023-62 , which gives retirement plan sponsors a two-year administrative transition period to implement the SECURE 2.0 requirement that certain catch-up contributions to 401(k) and similar defined contribution plans be made on an after-tax Roth basis. More specifically, SECURE 2.0

401(k) 52

401(k) Retirement Plan Taxes Employee Benefits 52

WEX Inc.

SEPTEMBER 25, 2023

Employees are often more focused on frequently used benefits such as vacation and paid off policies (PTO) rather than insurance, voluntary benefits and retirement plans. The information in this blog post is for educational purposes only. WEX receives compensation from some of the merchants identified in its blog posts.

Voluntary Benefits 98

Voluntary Benefits Health Savings Account PTO Retirement Plan 98

Money Talk

OCTOBER 6, 2022

Lack of Retirement Planning - Many people spend time planning meetings that last an hour, weddings that last a day or a weekend, and higher education (4-5 years). However, when it comes to planning what they will do over what could be a 30-year retirement, many people “just show up.”

Taxes 187

Taxes Finance Education Retirement Plan 187

McDermott Will & Emery Employee Benefits

DECEMBER 7, 2021

Increasing retirement plan-focused litigation has put insurance carriers and fiduciary service providers in difficult positions. The post Expect More Difficulty Obtaining Fiduciary Insurance appeared first on EMPLOYEE BENEFITS BLOG.

Insurance 52

Insurance Insurance Carriers Retirement Plan Employee Benefits 52

CorpStrat

NOVEMBER 30, 2022

Maximums for retirement plans. Get retirement plan discussions out of the way early. Many of them may want to take salaries in order to max out retirement plans opportunities. Group term insurance in excess of 50,000. consider any other taxable fringe benefits. Don’t forget partner and owners.

Payroll 52

Payroll Retirement Plan PTO Transportation 52

WEX Inc.

MAY 8, 2023

Check out our free white paper about HDHPs, HSAs and retirement planning! The information in this blog post is for educational purposes only. WEX receives compensation from some of the merchants identified in its blog posts. It is not legal or tax advice.

Deductions 97

Deductions Deductible Health Savings Account Employee Enrollments 97

Qandle

DECEMBER 5, 2023

In this detailed blog post, we’ll explore the key components of payroll processing and how organizations can streamline this complex function. Employee Benefits Administration Beyond base pay, payroll includes managing employee benefits such as health insurance, retirement plans, and other deductions.

Payroll 98

Payroll Net Pay Gross Pay Payroll System 98

Money Talk

APRIL 28, 2022

Methods include webinars, podcasts, blogs, television and radio shows, print media, websites, and more. A key take-away, especially for healthy individuals and their families, is that HSAs can be used as a quasi-retirement plan. unmatched employer retirement savings, 6. listening to podcasts while walking).

401(k) 183

401(k) Health Savings Account Finance Retirement Plan 183

WEX Inc.

MAY 28, 2024

With money being the number one factor negatively affecting mental health, HSAs are a great tool for investing and retirement planning. Would you like to learn more about how participants can lean on their HSA to plan for retirement? The information in this blog post is for educational purposes only.

Health Savings Account 52

Health Savings Account Medical Retirement Plan Taxes 52

InterWest Insurance Services

MARCH 22, 2022

The deadline is fast approaching for employers with 5 or more workers in California, and who do not already offer their employees a retirement plan, to register their staff for the CalSavers Retirement Savings Program. If you already have a qualified retirement plan for your employees, you do not have to participate.

401(k) 94

401(k) Retirement Plan Employment Deductions 94

Money Talk

JULY 13, 2022

I recently wrote a blog post about doing a mid-year financial check-up in early July so you have six months to work on planned action steps. Also be sure to adjust tax withholding for RMD withdrawals using quarterly estimated tax payments to the IRS or tax withholding by the retirement plan custodian.

Taxes 246

Taxes Retirement Plan Finance Consulting 246

Benefit Resource Inc.

APRIL 27, 2023

However, it’s not just about offering standard benefits like healthcare and retirement plans; customization is key to creating a benefits plan that resonates with employees. Personalizing the employee benefits plan can help employers create a more engaged and satisfied workforce.

Retirement Plan 52

Retirement Plan Parental Leave Healthcare Benefits Package 52

Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 30, 2023

Background Participants in two Cornell University retirement plans sued the University, its retirement plan committee, and others, alleging that they breached their fiduciary duties of loyalty and prudence under ERISA section 404(a)(1)(A) and (B).

Retirement Plan 105

Retirement Plan IT 105

Proskauer's Employee Benefits & Executive Compensa

JANUARY 30, 2023

provisions that specifically impact 403(b) plans include changes to: (1) amounts available for hardship distributions, (2) eligibility to participate in pooled and multiple employer plans, (3) treatment of long-term, part-time employees, and (4) potentially , investments in collective investment trusts. However, SECURE 2.0

401(k) 111

401(k) Taxes Retirement Plan Commissions 111

AssuredPartners

NOVEMBER 9, 2021

Average monthly retirement plan contributions doubled. Strengthening the policy decisions that shape employer-sponsored retirement plan benefits, combined with an effective employee financial wellness program can help employees: Save more and reach financial independence faster. Monthly credit card payments fell by 17%.

Retirement Plan 75

Retirement Plan Education Finance Consulting 75

Qandle

DECEMBER 11, 2023

Performance Management System Concentrates on automating performance appraisal processes, setting and tracking goals, and providing tools for performance reviews Benefits Administration Software Focuses on managing employee benefits programs, including health insurance, retirement plans, and other perks.

Human Resources 106

Human Resources Payroll Software Retirement Plan 106

WEX Inc.

FEBRUARY 23, 2023

Because an HSA is a “savings” account, you’ll want to designate a beneficiary (or beneficiaries), just as you would with a 401(k) or other retirement-planning accounts. Stay updated on the latest trends and insight by subscribing to our blog ! The information in this blog post is for educational purposes only.

Flexible Spending Account 98

Flexible Spending Account 401(k) Health Savings Account Banking 98

COMPackage

MARCH 28, 2024

By providing access to financial advisors, extending assistance with retirement planning, and facilitating workshops for effective budgeting, you’re giving your employees the tools they need to achieve financial stability. These benefits are also great for cultivating loyalty among current employees.

Employee Benefits 52

Employee Benefits Retirement Plan Medical Hospitality 52