Remove 2006 Remove Employment Remove Pension Remove Retirement Plan
article thumbnail

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.

article thumbnail

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

401(k) 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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).

article thumbnail

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.

401(k) 52
article thumbnail

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.

401(k) 52
article thumbnail

Attention California School Districts: You ARE Fiduciaries For Your 457(b) Plans

The Teacher's Advocate

Despite what you've been told (in all likelihood by your compliance administrator) you ARE a fiduciary in regards to the 457(b) plan you offer your employees. You don't have to take my word for it, one of the nation's top ERISA attorneys made the case.back in 2006. Yes, you were warned over a decade ago. The paper is embedded below.

Pension 40
article thumbnail

Laws And Regulations Every HR Professional Should Know In 2023

Empuls

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.