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Is a Solo 401k a Good Idea?

HR Digest

Are you a self-employed individual or a small business owner looking for a retirement savings plan that offers flexibility and control? This mini-guide explores whether a solo 401k is a good idea for individuals like you. Making sound financial decisions is essential, especially when it comes to planning for your future.

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ESOPs and 401(k)s: A Comparative Guide

HR Digest

Employee Stock Ownership Plans (ESOPs) and 401(k) plans are both popular retirement savings plans, but there are some key differences between the two. This article compares ESOPs and 401(k)s in terms of funding, investment options, risk, tax benefits, and other factors.

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Tenth Circuit Adopts “Meaningful Benchmark” Pleading Standard in Dismissing Challenges to 401(k) Plan Fees

Proskauer's Employee Benefits & Executive Compensa

In a case of first impression in the Tenth Circuit, the Court recently joined the chorus of circuit courts in holding that a 401(k) plan participant alleging excessive investment management or recordkeeping fees must assert a “meaningful benchmark” in order to survive a motion to dismiss. The case is Matney v.

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Pros & Cons Of Auto-enrolling Employees In A 401(k) Program

Genesis HR Solutions

Should you auto-enroll your employees into your company’s 401(k) program? Automatic enrollment is exactly what it sounds like—you, the employer, automatically enroll your employees into your organization’s 401(k) plan. The 401(k) is pre-tax. What is automatic enrollment?

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California District Court Denies Motion to Dismiss 401(k) Excessive Fee and Underperformance Claims

Proskauer's Employee Benefits & Executive Compensa

A California district court recently denied a motion to dismiss claims that the fiduciaries of a 401(k) plan breached their ERISA fiduciary duties of prudence and loyalty by selecting underperforming, high-cost investments and causing the plan to pay excessive fees for services. The case is Coppel v. Seaworld , No.

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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 is a 401(k) Plan and How Does it Work?

HR Digest

Having a retirement plan is an important aspect of financial planning. One popular way to get your retirement plan sorted in the United States is through a 401(k) plan. A 401(k) plan is a type of retirement account offered by employers to their employees.

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