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Does Bitcoin belong to 401(K) plans?

HR Digest

An increasing number of employees now have access to cryptocurrencies like Bitcoin in their 401(k) plans. The digital currency revolution has been happening for years now, but many people still don’t know what Bitcoin is or how it should be handled in their 401k plan. Advantages of 401(K) crypto investments.

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Ninth Circuit Revives Fee Challenge to Salesforce.com 401(k) Plan

Proskauer's Employee Benefits & Executive Compensa

On Friday, the Ninth Circuit became the first circuit court to rule in a 401(k) plan fee and investment litigation following the Supreme Court’s January 2022 decision in Hughes v. The Ninth Circuit did not, however, cite to or try to reconcile its holding with its 2018 unpublished decision in White v. 737 (2022). In Davis v.

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How much can a business owner contribute to a 401k? 4 rules to know

Genesis HR Solutions

Small business owners often want to start a 401(k) plan to attract and retain talent, as well as to plan for their own retirement. If you run a small business, at some point you’ve probably found yourself weighing the pros and cons of starting a 401(k) plan. Employee Contribution Limits For 401(k) Plans.

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Worker Enrollment in HDHPs falls

InterWest Insurance Services

In 2022, 9% of employers with 20,000 or more workers offered HDHPs exclusively, a drop from 22% in 2018, according to Mercer’s “National Survey of Employer-Sponsored Health Plans.” ” And 10% of employers with 500 or more workers offered only these plans, compared to 13% in 2018.

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Employee Benefits 2021: Employer Student Loan Repayment Assistance Programs

Best Money Moves

401(k) student loan matching is a relatively new program that the IRS approved in 2018. It allows employers to match student loan payments with a contribution to an employee’s 401(k).

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The Two Sides of Retirement: Financial and Non-Financial

Money Talk

401(k)s, 403(b)s, and traditional IRAs) can begin making penalty-free withdrawals starting at age 59½. In 2018, a 65-year old’s life expectancy almost tripled to 17 years and, for some, could be 25 or 35 years. Tax-Free- RMDS must begin at age 72 and many people start withdrawing retirement savings at this time.

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The Actual Cost of a Free HSA

Benefit Resource Inc.

The similarities between an HSA and a 401(k) lead many to believe they are both equally hands-off. While a 401(k) is basically the crockpot of savings accounts where you can set your contribution amount and then forget about it, the versatility of an HSA allows participants to be much more involved. The Solution.

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