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Ten Upsides of Inflation

Money Talk

Not surprisingly, much of the news was negative; e.g., soaring prices for food, gas, utilities, cars, insurance, and more. 401(k)s) and IRAs are pegged to inflation. The year 2022 was chock full of news about inflation, with a year-to year Consumer Price Index increase of 9.1% in June and a still-high 6.5% CPI at year-end.

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Dismissal Streak Continues in BlackRock Target Date Fund Litigation

Proskauer's Employee Benefits & Executive Compensa

A third district court has dismissed with prejudice a complaint alleging that defendants breached their fiduciary duties under ERISA by offering 401(k) plan participants the option to invest in BlackRock LifePath Index Target Date Funds (the “Funds”). Microsoft , Case No. 22-cv-1082 (W.D.

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3 Ways to Improve Your Employee Retirement Benefits

Best Money Moves

When it comes to retirement benefits, employees are looking for more than just a 401(k) — they want comprehensive guidance on how to prepare for the future. Some may be at the beginning stages and need help simply choosing between a Roth IRA or 401(k).

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Demystifying Financial Jargon

Money Talk

If the annual inflation rate is 5 percent, the $100 you spend on groceries in January buys only $95 worth of food in December. energy, food, cars) are tracked and recorded. For example, $100 at the beginning of the year buys less than $100 at the end of the year. The inflation rate also affects savings. Bureau of Labor Statistics.

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DEI & Financial Wellness: Bridging the retirement race gap

Best Money Moves

In such industries — accommodation, food and waste — less than 40% of workers are offered retirement benefits, according to Dr. Nari Rhee from UC Berkeley. Events, contests and webinars can be an easy way to encourage employees and teach them about 401(k) tax benefits.

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Employee Benefits 2021: Employer Student Loan Repayment Assistance Programs

Best Money Moves

401(k) student loan matching is a relatively new program that the IRS approved in 2018. It allows employers to match student loan payments with a contribution to an employee’s 401(k). Their top reasons for missing a payment included: Paying for food or groceries instead (37 percent). Medical bills (30 percent.

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3 Ways to Help Employees Fight Financial Stress and Economic Uncertainty

Best Money Moves

Food, gas and other household staples have increased dramatically throughout 2023. Rather than going into debt or borrowing from one’s 401(k), emergency funds provide a sense of security for when unexpected costs arise. However, the right financial wellness programs can help your team face an uncertain financial future head-on.

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