InterWest Insurance Services

NOVEMBER 25, 2022

You’ll want to make note of the changes when discussing your employee benefits during annual open enrollment. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts. 7,750 for family coverage (up $450).

401(k) 84

401(k) Deductions Deductible Flexible Spending Account 84

HR Digest

FEBRUARY 8, 2023

If you’ve ever wondered what happens to your 401(K) when you leave a job, you’re not alone. In fact, it’s one of the most common questions employees ask when they intend to leave their jobs and make a 401(K) withdrawal. So what happens to your 401(K) when you quit or are fired?

401(k) 52

401(k) Retirement Plan Taxes Employment 52

International Foundation of Employee Benefit Plans

NOVEMBER 18, 2022

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.

401(k) 77

401(k) Employment Employee Benefits 77

HR Digest

APRIL 30, 2022

A Bitcoin 401(k). recently revealed that they plan to offer investors the option to put bitcoin in their 401(k)s by the end of this year. A 401(k) plan is a company-sponsored retirement account where employee funding might come directly from their paychecks and may be matched by the employer.

401(k) 52

401(k) Retirement Plan Banking Government 52

BerniePortal

NOVEMBER 9, 2020

A 401(k) is a tax-free retirement savings account that many employers offer to employees as an employee benefit. These accounts allow employees to deposit pre-tax income into a savings account that can only be used once an employee has reached the age of retirement.

401(k) 75

401(k) Employment Taxes Employee Benefits 75

Business Management Daily

SEPTEMBER 16, 2022

Technically, 401(k) plans are profit-sharing plans, not retirement plans. But they morphed into retirement plans long ago, so they’re pretty important to employees. Who has 401(k) accounts? of employees participate in defined-contributions plans such as 401(k) plans. Census Bureau, 34.6%

401(k) 52

401(k) Retirement Plan Profit Sharing Plan Employee Benefits 52

HR Digest

APRIL 11, 2022

A third of employed workers say they expect to seek a new job this year, and many of them are likely to withdraw money out of their 401(k), something financial planners never recommend. workers with at least one retirement account, almost 21% of Americans who quit their job during the epidemic cashed out their 401(k).

401(k) 52

401(k) Health Insurance Retirement Plan Taxes 52

InterWest Insurance Services

JANUARY 17, 2023

Besides health insurance and a 401(k) plan, other benefits that employees value highly are generous paid time off and flexible or remote work, according to a new survey. Sixty-four percent of employees surveyed said they do not have access to an emergency savings option through their employer.

401(k) 87

401(k) Health Insurance Insurance Voluntary Benefits 87

Business Management Daily

FEBRUARY 18, 2022

The Employee Benefits Security Administration has had an on-again, off-again approach to whether employers can allow 401(k) investment choices to promote social, environmental, or other public policy causes—called economically targeted investments or sometimes environmental, social, or governance investing.

401(k) 59

401(k) Pension Retirement Plan Commissions 59

HR Digest

MAY 21, 2023

A strong employee benefit package can go a long way. Employer benefits package is key to attracting and retaining top talent. Employee benefits have become an essential part of any competitive compensation package. What do you want to achieve with the employee benefit package 2.

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Benefits Package 401(k) Employee Benefits Disability Insurance 105

Best Money Moves

NOVEMBER 18, 2020

Employee benefits 2021: student loan repayment assistance programs. The different kinds of employer student loan repayment programs and why more employers plan to add them. Student loan benefits emerged to help employees with their share of the $1.6 Why Financial Wellness Is a Must -Have Employee Benefit.

401(k) 105

401(k) Employee Benefits Employment Finance 105

Money Talk

APRIL 6, 2023

At the 2022 Retirement Summit sponsored by the Employee Benefit Research Institute (EBRI), there were four main topics: improving individuals’ access to retirement savings plans, reducing plan leakage (i.e., participating in an employer savings plan and/or IRA) increases the odds of having a successful retirement (i.e.,

401(k) 244

401(k) Retirement Plan Finance Government 244

Vantage Circle

SEPTEMBER 23, 2023

In today's tough job market, businesses need to attract and keep the best employees to succeed. In 2023, employee benefits are important for businesses. Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” Why Are Employee Benefits Important?

Family and Medical Leave Act 59

Family and Medical Leave Act Employee Benefits 401(k) Employment 59

AssuredPartners

DECEMBER 11, 2022

Today’s employers play a vital role in helping employees save and invest for retirement. With different needs and expectations, employers must first strive to understand the varying views of each generation. This generation is susceptible to employment risks, market volatility, and increasing inflation.

401(k) 98

401(k) Health and Welfare Employment Retirement Plan 98

McDermott Will & Emery Employee Benefits

JANUARY 30, 2024

Act, employers must provide long-term, part-time employees the opportunity to make elective deferrals under their 401(k) plans and, beginning in 2025, their 403(b) plans. Under the SECURE Act and SECURE 2.0

401(k) 87

401(k) Employee Benefits Employment Retirement Plan 87

McDermott Will & Emery Employee Benefits

FEBRUARY 6, 2024

Act, employers must now offer employees who work at least 500 hours within three (reduced to two beginning January 1, 2025) consecutive 12-month periods an opportunity to make elective deferrals to their 401(k) plans and, beginning in 2025, their 403(b) plans. Following the SECURE Act and the SECURE 2.0

401(k) 83

401(k) Employee Benefits Employment Retirement Plan 83

McDermott Will & Emery Employee Benefits

JANUARY 25, 2024

Act, employers must provide long-term, part-time employees the opportunity to make elective deferrals under their 401(k) plans and, beginning in 2025, their 403(b) plans. Under the SECURE Act and the SECURE 2.0 This new rule is fraught with complexity and has generated numerous questions about how the requirements apply.

401(k) 83

401(k) Employee Benefits Employment Retirement Plan 83

Proskauer's Employee Benefits & Executive Compensa

DECEMBER 15, 2023

Act of 2022 (“SECURE 2.0”) was signed into law on December 29, 2022 as part of the 2023 Consolidated Appropriations Act, and included a myriad of required and optional plan design changes for retirement plan sponsors and employers (described in more detail here ). As previously discussed, the SECURE 2.0 Section 603 of SECURE 2.0

401(k) 98

401(k) Retirement Plan Education Finance 98

McDermott Will & Emery Employee Benefits

DECEMBER 20, 2023

The Internal Revenue Service (IRS) recently issued new guidance clarifying key aspects of the broadened retirement plan eligibility rule for long-term, part-time employees under the SECURE 2.0

401(k) 73

401(k) Retirement Plan Employee Benefits Employment 73

Snell & Wilmer Benefits

MAY 31, 2024

s increased catch-up contribution limits set to take effect next year, it’s time for 401(k) plan sponsors to brush up on the rules and consider how to administer the changes. Under the current rules, 401(k) plans may allow participants to make catch-up contributions when they are age 50 or older. With SECURE 2.0’s

401(k) 52

401(k) Payroll Taxes Employee Benefits 52

McDermott Will & Emery Employee Benefits

FEBRUARY 2, 2024

Act require employers to offer employees who work at least 500 hours within three (reduced to two beginning January 1, 2025) consecutive 12-month periods an opportunity to make elective deferrals to their 401(k) and, beginning in 2025, their 403(b) plans. Together, the SECURE Act and the SECURE 2.0

401(k) 76

401(k) Employee Benefits Employment Retirement Plan 76

Griffin Benefits

NOVEMBER 1, 2022

The IRS has finally announced adjustments to 2023 contribution limits on various tax-advantaged health and dependent care spending accounts, retirement plans, and other employee benefits such as adoption assistance and transportation benefits. Employees can deposit an incremental $200 into their Health Care FSAs in 2023.

401(k) 82

401(k) Retirement Plan Health Savings Account Deductions 82

Griffin Benefits

NOVEMBER 11, 2021

The IRS has finally announced adjustments to 2022 contribution limits on various tax-advantaged health and dependent care spending accounts, retirement plans, and other employee benefits such as adoption assistance and transportation benefits. Employees can deposit an incremental $100 into their health care FSAs in 2022.

401(k) 55

401(k) Retirement Plan Health Savings Account Deductions 55

McDermott Will & Emery Employee Benefits

FEBRUARY 13, 2024

Act, employers must provide long-term, part-time employees the opportunity to make elective deferrals under their 401(k) plans and, beginning in 2025, their 403(b) plans. IRS Confirms Long-Term, Part-Time Employees Excludible From Certain Nondiscrimination Testing appeared first on EMPLOYEE BENEFITS BLOG.

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401(k) Employee Benefits Employment Retirement Plan 67

Insperity

OCTOBER 10, 2023

workers better prepare financially for retirement, at every stage of their employment journey. For many reasons, employees’ financial wellness – of which sufficient retirement savings are a critical component – is very important to a business’s long-term success. employer-sponsored 401(k) plans. The SECURE 2.0

401(k) 108

401(k) Retirement Plan Taxes Benefits Package 108

CorpStrat

JANUARY 17, 2023

Many employee benefits are subject to annual dollar limits that are adjusted for inflation by the IRS each year. The following commonly offered Employee Benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs). 401(k) plans. Health FSA carryover limit.

401(k) 52

401(k) Employee Benefits Flexible Spending Account Health Savings Account 52

Benefits Notes

MAY 16, 2022

Employers sponsoring 401(k) or other types of defined contribution plans “pre-approved” by the Internal Revenue Service (IRS) should be aware that the restatement deadline is quickly approaching. Please contact any member of the Stinson Employee Benefits Group about timely updating of your defined contribution plan document.

401(k) 59

401(k) Taxes Employee Benefits Employment 59

Best Money Moves

MAY 10, 2022

5 benefits for employers to retain and attract top talent. High turnover creates an expensive problem for employers and stressful environment for employees. Retain and attract top talent with these 5 standout benefits. Here are the 5 best benefits to help retain and attract top talent.

401(k) 111

401(k) Employment Retirement Plan Financial Counseling 111

Griffin Benefits

DECEMBER 30, 2021

Thousands of companies turned to JP Griffin Group for guidance on employee benefits topics in 2021. 2022 IRS Contribution Limits for HSA, HDHP, FSA, 401(k). Vendor Contracts – Beware of These Five Pitfalls in Employee Benefits Agreements. 8 Ways Employers and Employees Can Save On Prescription Medications.

401(k) 79

401(k) Employee Benefits Healthcare Media 79

Genesis HR Solutions

SEPTEMBER 22, 2020

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. 16+ types of employee benefits you should consider. Employers usually cover a portion of this premium. Employers fund and own accounts.

401(k) 98

401(k) Employee Benefits Disability Insurance roth 401(k) 98

Employee Benefits

JUNE 6, 2024

It has also invested in healthcare, family building, adoption benefits and other resources for the mind and body, and continues to invest in associates’ long-term financial health through its 401(k) pension and share purchase programmes, both with an employer match.

Bonuses 59

Bonuses 401(k) Pension Healthcare 59

McDermott Will & Emery Employee Benefits

FEBRUARY 15, 2024

Under the SECURE Act and the SECURE 2.0 Under the SECURE Act and the SECURE 2.0

401(k) 79

401(k) Employee Benefits Employment Retirement Plan 79

McDermott Will & Emery Employee Benefits

FEBRUARY 8, 2024

Under the SECURE Act and the SECURE 2.0 Under the SECURE Act and the SECURE 2.0

401(k) 79

401(k) IT Employee Benefits Employment 79

Proskauer's Employee Benefits & Executive Compensa

FEBRUARY 17, 2023

legislation that was enacted at the end of 2022 included an expansion of the ability for a section 401(k) or 403(b) plan, or a governmental section 457(b) plan, to provide matching contributions on participants’ student loan payments. These requirements made the benefit unattractive for many employers.

401(k) 115

401(k) Education Taxes Employment 115

PeopleKeep

MARCH 15, 2022

Many of these employees were in countries like China, Mexico, India, Canada, and the United Kingdom. businesses such as the Kellogg Company, Fresh Del Monte Produce, Whirlpool, and Hanesbrands employ more international workers than domestic employees. Take employee benefits, for example. What are personalized benefits?

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Employee Benefits 401(k) Health Insurance Benefits Package 98

HR Professionals Magazine

JULY 26, 2022

workers currently don’t have access to a retirement plan sponsored by their employer. Take a closer look at employer-sponsored and state-sponsored retirement plans to determine what best meets your company’s goals. Not ready for a 401(k)? Employers are not permitted to make contributions.

Retirement Plan 52

Retirement Plan 401(k) Employment Deductions 52

Snell & Wilmer Benefits

MARCH 21, 2024

The legislative intent of a PLESA is to allow low- and middle-income employees to use payroll deductions to accumulate funds that they can use in the event of an emergency. Here are the top 5 things employers should know: What is a PLESA? Employer Matching Contributions on PLESAs. Automatic Enrollment is Permitted.

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Pension 401(k) Retirement Plan Employment 52