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Congress passes SECURE 2.0 Act, making important changes to 401(k)s

Business Management Daily

401(k) plans established after Dec. 29, 2022, must auto-enroll participants once they’re eligible, beginning with the 2025 plan year. For plan years beginning in 2025, SECURE 2.0 Plans may offer to enroll or auto-enroll non-highly compensated employees into 401(k)-linked emergency savings accounts.

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Employee Focused Retirement Plans

HR Professionals Magazine

Diane, a bit younger in her career, starts her salary at $50,000, and Jack enters a manager position at $70,000. The extra 15 years of contributions has allowed Diane to retire with more than double the savings of Jack, even while making less in annual salary than him. Hypothetical example for illustrative purposes only. will match it.

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How Employee Perks Can Help Companies in the US

Vantage Circle

Honeywell offers a flexible 401(k) plan, allowing employees to contribute up to 30% of their eligible pay in pre-tax, Roth 401(k), or after-tax contributions. Additionally, Honeywell provides a matching contribution to retirement funds, up to a maximum of seven percent of an employee's base salary.