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Top 10 401(k) Providers in 2023

HR Lineup

As we step into 2023, retirement planning has become more critical than ever. With the uncertainty surrounding the future of Social Security and the increasing life expectancy, having a solid retirement plan is essential. What is a 401(k)? 10 Best 401(k) companies of 2023 1.

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What you should know about the House’s new 401(k) legislation

Business Management Daily

Figuring that defined-contribution plans such as 401(k)s weren’t nearly secure as they should be after the passage of the Setting Every Community Up for Retirement Enhancement Act of 2019, Congress is taking another stab at it with the Securing a Strong Retirement Act of 2021 (H.R. Church plans. SECURE 1.0’s

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How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

government passed a significant piece of legislation: the SECURE 2.0 workers better prepare financially for retirement, at every stage of their employment journey. At its most basic level, the law encourages people to not only save money for retirement , but to save more and also become financially stable in the present.

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5 ways you can help employees prepare for retirement

Business Management Daily

Fewer employees are covered by traditionally defined benefit plans. DB plans are retirement plans. The plan sponsor, most likely the employer, bears all the investment risk and pays you a fixed amount every month until you die. The undisputed fact is, however, 401(k) plans have morphed into retirement plans.

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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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The Impact of Indexing: 13 Real World Examples

Money Talk

In addition, maximum taxable earnings will increase to $147,000, a quarter of coverage to $1,510, and the earnings limit under full retirement age to $19,560. An example is pensions for federal government workers and military retirees and disabled veterans. the New Jersey state pension plan).

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What Are Fringe Benefits and Are They Taxable?

HR Digest

Something as serious as retirement planning assistance could just as soon be a benefit as providing a gym membership for employees who want to work out. 401(k) as a Fringe Benefit The very popular 401(k) is also a fringe benefit as employers can choose to assist employees with their retirement planning.

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