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IRS guidance addresses SECURE 2.0’s catch-up contribution dilemma

Business Management Daily

The saga of 401(k) catch-up contributions under SECURE 2.0 For employees who contribute to more than one 401(k) plan during a year—an old employer’s plan and a new employer’s plan, for example—contributions into each plan would be treated separately for purposes of determining whether the $145,000 threshold has been reached.

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Defenses up: It’s Cybersecurity Awareness Month

Business Management Daily

At the DOL The DOL doesn’t interact electronically with the public like the IRS does, so its public-facing cybersecurity plans haven’t garnered the same attention as the IRS’ measures have. Every time your employees surf a website or tap an app to see how their 401(k) investments are doing, they’re pushing your plan into cyberspace.

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Using A PEO Retirement Plan: Is It Worth It?

Genesis HR Solutions

When comparing retirement plans—the one your small business currently uses and a 401(k) retirement plan offered by a PEO—you’ll immediately see the difference. This includes managing eligibility, employee education, electronic enrollment, managing payroll deferrals, processing loans, and overseeing plan compliance.

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Compliance Areas for 2024 You Might Not Have Thought Of

PeopleStrategy

The IRS has made a number of cost-of-living adjustments for 2023, including increasing the amount employees can contribute to their 401(k)s to $23,000 (up $500 from 2023). The IRA catch-up contribution limit for individuals aged 50 and over remains $1,000.

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Home Depot raises starting wage to $15 per hour minimum

Employee Benefits

Home Depot currently offers its staff elder care benefits, backup childcare, 24/7 virtual doctors, college planning, tuition reimbursement, a 401k retirement savings plan, discounts on gym memberships, electronics, and food shops, parental leave and adoption-related expenses reimbursement.

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Collaborating for Success: Paralegal Role in Downtown Law Firm

Professionals Alternative

Moreover, downtown law firms typically offer competitive compensation packages, including paid parking, 401K, and paid benefits. Proficiency in electronic filing systems and document management software is also essential in a modern downtown law firm.

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Best Benefits for Engineering Firms

Winston Benefits

In addition, 401(k)s are common at engineering firms, but Arup contributes to retirement plans whether the employee contributes or not. Arup offers discount programs for travel, restaurants, computers and electronics and other goods and services.