Five Reasons Why Cryptocurrencies Can Present Serious Risks to 401(k) Fiduciaries and Participants

International Foundation of Employee Benefit Plans

Read more > The post Five Reasons Why Cryptocurrencies Can Present Serious Risks to 401(k) Fiduciaries and Participants appeared first on Word on Benefits. Employee Benefits 401(k) 401k cybersecurity employee benefits fiduciary financial education financial wellness

401(k) loans and hardship withdrawals are rising

Employee Benefit News

401(k) Retirement Financial wellness

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Improve retirement readiness by avoiding cash-outs and consolidating 401(k)s

Employee Benefit News

401(k) Retirement Retirement benefits

Fidelity and Vanguard embrace 401(k) auto-portability

Employee Benefit News

401(k) Retirement Industry News

HR 101: Laid off? Here's how to manage your 401(k)

Employee Benefit News

401(k) HR 101 Retirement

Can retirement savers afford to save more under the new 401(k) caps?

Employee Benefit News

401(k) Retirement IRS Retirement planning

Roth IRA vs 401(K): Which Should You Choose?

HR Digest

You probably have come across the occasional Roth IRA vs 401(k) comparisons to pick your retirement account. But where do you start, especially with the competition between Roth IRA vs 401k. What is a 401(k) plan? Roth IRA vs 401(k).

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.

Introduction to 401(k)s for small businesses

Business Management Daily

Setting up a 401(k) for employees can be a daunting task for small business owners. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. What is a 401(k)? Do employers have to offer a 401(k) to employees?

Roth vs Traditional 401K – Which is Best?

Stratus.HR

Did you know your 401K account offers two distinct ways to save? Traditional 401K. A Traditional 401K is sometimes referred to as the pre-tax option. What you won’t know is how much future tax you’ll have to pay on the dollars invested in a Traditional 401K. Roth 401K.

Cryptocurrency Guidance for 401(k) Plan Fiduciaries

International Foundation of Employee Benefit Plans

Last week, we shared five reasons why cryptocurrencies can present serious risks to 401(k) fiduciaries and participants. Read more > The post Cryptocurrency Guidance for 401(k) Plan Fiduciaries appeared first on Word on Benefits.

Closing racial and gender wealth gaps starts with 401(k)s

Employee Benefit News

Diversity and equality 401(k) Retirement

Legal & Legislative Reporter: Distribution of 401(k) Benefits to Ex-Husband

International Foundation of Employee Benefit Plans

Court affirms judgment in favor of the defendant employer related to the award of 401(k) benefits to a former employee’s ex-husband. The post Legal & Legislative Reporter: Distribution of 401(k) Benefits to Ex-Husband appeared first on Word on Benefits.

Retirement Savings? HSA, IRA or 401(k)

Benefit Resource Inc.

Make sure you are getting the 401(k) match. Many employers will offer a 401(k) match up to a certain percentage. Additionally, contributions to a 401(k) are made will pre-tax dollars, so you save on taxes as well. Just like 401k matching programs, more employers are offering HSA matching programs. Finally, fill your 401(k) and IRA buckets. For 2019, you can contribute up to $19,000 annually to a 401(k ).

A Better 401(K) Is the Top Reason Why Workers Switch Jobs

HR Digest

To provide financial support, many employers think about 401K retirement plans a nd student loans. The post A Better 401(K) Is the Top Reason Why Workers Switch Jobs appeared first on The HR Digest.

5 ways to help retirement participants navigate inflation and volatility

Employee Benefit News

401(k) Retirement Financial wellness

What happens to 401k if furloughed?

HR Digest

If you’re furloughed, does that mean your 401k is canceled? In a sentence: no, your furlough pay reduction does not lead to 401k cancellation. Your 401k is yours, and it stays yours. In this article, you should know that furlough and 401(k) are two different things.

Roth 401(k) vs. Roth IRA: What Is the Difference?

Patriot Software

Two common retirement plans for employees are individual retirement arrangement/account (IRA) plans and 401(k) plans. Are you thinking about offering retirement plans at your small business? There are a lot of retirement options to choose from.

New HSA, FSA, 401(k) Contribution Levels Set

InterWest Insurance Services

The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts. Funds in an HSA can be rolled over indefinitely year after year and invested, much like a 401(k) plan.

Ninth Circuit Revives Second Excessive Fee 401(k) Plan Litigation

Proskauer's Employee Benefits & Executive Compensa

On Friday, for the second week in a row, the Ninth Circuit reversed dismissal of a 401(k) plan excessive fee litigation challenging the offering of retail share classes of mutual funds instead of cheaper institutional share classes.

10 best cities to move in retirement

Employee Benefit News

401(k) Retirement

The Deadline for Depositing 401(k) Deferrals (and What to Do If You’re Late)

Patriot Software

If you provide a 401(k) account as a benefit to your employees, you need to know the deadline for depositing the employee deferrals into their accounts. If you don’t deposit 401(k) contributions on time, you might face multiple consequences.

HR 101: How to help Gen Z workers get a head start on their retirement

Employee Benefit News

401(k) HR 101 Retirement

The DOL makes 401(K) cybersecurity recommendations

Business Management Daily

Last year, the Department of Labor released a trio of documents advising employers with 401(k) plans about cybersecurity. The post The DOL makes 401(K) cybersecurity recommendations appeared first on Business Management Daily.

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. 401(k) Plans 403(b) Plans Defined Contribution Plan Investment Litigation Fiduciary Fiduciary Breach

The best retirement savings plan alternatives for small businesses

Employee Benefit News

401(k) Retirement Retirement benefits

Safe harbor 401(k) vs. traditional 401(k): What’s the difference?

Genesis HR Solutions

If you’re a small business owner interested in starting a 401(k) plan for your employees, you already understand how they will benefit, but you should also understand how the plan will affect you. The Problem With Traditional 401(k) Plans. Traditional 401(k).

Sweeping Changes Coming to Employer-Funded 401(k) Plans

Griffin Benefits

Historically speaking, retirees have typically relied on three primary tools to help them prepare for retirement: pension plans, Social Security, and defined contribution plans, like 401(k) plans. Here’s a look at how 401(k) plans may soon change as part of the SECURE 2.0

A Light in the Dark: Seventh Circuit Helps Clarify New Pleading Standards for 401(k) Fee Cases

McDermott Will & Emery Employee Benefits

A recent US Court of Appeals for the Seventh Circuit case supplies answers to many questions left open in 401(k) fee litigation cases after the US Supreme Court’s ruling earlier this year in Hughes v.

District Court Rejects Demand for Jury Trial in 401(k) Investment Litigation

Proskauer's Employee Benefits & Executive Compensa

Plaintiffs were participants in Centerra’s 401(k) plan who alleged that the defendants breached their fiduciary duties in connection with the monitoring of various investment options that had excessive fees and underperformed.

401(k) plans: New interpretive bulletin on independent auditors

Business Management Daily

Technically, 401(k) plans are profit-sharing plans, not retirement plans. Census Bureau has data providing insight on 401(k) plan participation, which may come in handy if you need to ramp up participation to satisfy nondiscrimination testing. Who has 401(k) accounts?

Safe Harbor 401(k) Plan: How to Maximize Your Small Business’s Savings 

Patriot Software

In the United States, the most common type of retirement plan is the trusty 401(k). However, not all 401(k)s are the same. With over 60 million active participants and an estimated $7.3

Small businesses can save $100,000 per employee by offering 401(k) benefits

Employee Benefit News

Retirement Small business

How Americans could save $83 billion with one tweak to the 401(k) system

Employee Benefit News

Retirement Financial wellness

DOL Warns Employers Against Crypto Investments in 401(k) Plans

BerniePortal

Many firms like Fidelity Investments have been willing to bet on Bitcoin and other alternative currencies—at least as an offering for 401(k) plans.