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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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What is the SECURE Act?

Abel HR

The act is now the most extensive reform to impact the economy since the Pension Protection Act of 2006. It aims to improve the private employer-based retirement system’s success by making it easier for companies to provide retirement plans. It allows long-term, part-time workers to take part in 401(k) plans.

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AbelHR: What is the SECURE Act?

Abel HR

The act is now the most extensive reform to impact the economy since the Pension Protection Act of 2006. It aims to improve the private employer-based retirement system’s success by making it easier for companies to provide retirement plans. It allows long-term, part-time workers to take part in 401(k) plans.

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Laws And Regulations Every HR Professional Should Know In 2023

Empuls

Some jurisdictions now require certain types of preventative care to be included in employer-sponsored plans. In terms of retirement benefits, new regulations have been introduced that mandate more transparent communication about the investment options available in retirement plans and also the employer match percentages.