HR Lineup

NOVEMBER 28, 2021

Retirement planning can be challenging considering that you need to predict what’s to come in the future and assume various factors. Unfortunately, this has led to many individuals failing to take the necessary steps in building and protecting their retirement nest egg. Vanguard Retirement Nest Egg Calculator.

Retirement Plan 98

Retirement Plan Software Management Technology 98

Proskauer's Employee Benefits & Executive Compensa

JANUARY 3, 2023

was signed into law on December 29, 2022 , making it important for plan sponsors and plan administrators to familiarize themselves with the new rules. Correction of Retirement Plan Overpayments. changes how retirement plan overpayments are corrected in two key ways, which are detailed below.

Retirement Plan 106

Retirement Plan Taxes Utilities Employment 106

McDermott Will & Emery Employee Benefits

DECEMBER 14, 2022

Retirement plan sponsors need to utilize updated Form W-4P (for periodic pension and annuity payments) and new Form W-4R (for nonperiodic payments and eligible rollover distributions) for income tax withholding elections beginning January 1, 2023.

Retirement Plan 82

Retirement Plan Taxes Pension Employee Benefits 82

PayrollOrg

OCTOBER 21, 2022

The IRS announced the changes to the dollar limits on benefits and contributions under qualified retirement plans for tax year 2023.

Retirement Plan 80

Retirement Plan Taxes 80

Proskauer's Employee Benefits & Executive Compensa

JUNE 6, 2022

Or at the very least, predict the timing of a retirement plan audit? Last Friday, the IRS Employee Plans division announced a new pilot program whereby it will notify retirement plan sponsors 90 days in advance that their plan has been selected for upcoming examination.

Retirement Plan 110

Retirement Plan Taxes IT 110

Patriot Software

AUGUST 31, 2022

State-mandated retirement plans are here to nudge (erhm, push) employers into helping employees save for their future. But, all the different rules and regulations can cause you to trip on your way to offering retirement plans. Don’t get tripped up. We’re here to help you understand your responsibilities.

Retirement Plan 73

Retirement Plan Employment Payroll 73

McDermott Will & Emery Employee Benefits

JUNE 7, 2022

The US Department of Labor (DOL) recently issued guidance for the first time on the investment of retirement plan assets in cryptocurrencies. The post When Are Cryptocurrencies Appropriate Investments for Retirement Plans and IRAs? Compliance Assistance Release No. Compliance Assistance Release No.

Retirement Plan 71

Retirement Plan Employee Benefits Commissions 71

Employee Benefits

APRIL 10, 2023

” Read more: How have the pension freedoms impacted retirement planning? The post Flaunt Digital raises awareness of retirement planning through pensions communication appeared first on Employee Benefits.

Pension 52

Pension Retirement Plan Employee Benefits Taxes 52

McDermott Will & Emery Employee Benefits

JUNE 16, 2022

Retirement plan sponsors should be aware of a new Internal Revenue Service (IRS) pilot program, which permits plan sponsors to conduct a pre-examination “check-up” of retirement plan administration before the IRS begins a plan examination.

Retirement Plan 73

Retirement Plan Employee Benefits IT 73

Patriot Software

OCTOBER 14, 2022

Have you avoided retirement plans because of the large fees and time-consuming administration? There are more options than ever, including a plan that has no fees or recordkeeping requirements for employers. If so, I’m happy to tell you that things have changed.

Retirement Plan 84

Retirement Plan Employment Payroll 84

HR Professionals Magazine

MAY 24, 2022

The guidance asks fiduciaries of retirement plans to remember their main responsibility: act solely in the financial interests of plan participants and adhere to an exacting standard of professional care. The post Rolling the Dice on Crypto in Retirement Plan appeared first on HRProfessionalsMagazine.

Retirement Plan 98

Retirement Plan Education Banking Government 98

Proskauer's Employee Benefits & Executive Compensa

OCTOBER 25, 2022

On October 21 st , the IRS released a number of additional inflation adjustments for 2023, including to certain limits for qualified retirement plans. The table below provides an overview of the key adjustments for qualified retirement plans. Qualified Defined Benefit Plans.

Retirement Plan 52

Retirement Plan Flexible Spending Account Employee Compensation Flexible Spending 52

McDermott Will & Emery Employee Benefits

SEPTEMBER 21, 2022

The post Save It for a Rainy Day: Recent Amendment Extensions for Qualified Retirement Plans, 403(b) Plans and Individual Retirement Accounts appeared first on EMPLOYEE BENEFITS BLOG.

Retirement Plan 86

Retirement Plan Employee Benefits IT Executive Compensation 86

HR Professionals Magazine

SEPTEMBER 2, 2021

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.

Retirement Plan 52

Retirement Plan Taxes Deductions Deductible 52

HR Professionals Magazine

JULY 26, 2022

workers currently don’t have access to a retirement plan sponsored by their employer. To bridge this gap, a majority of states have contemplated state-mandated retirement savings plan legislation, and 13 have already signed such programs into law. Key retirement plan differentiators at a glance.

Retirement Plan 52

Retirement Plan Employment Deductions Deductible 52

Genesis HR Solutions

JUNE 21, 2022

When we talk to prospective clients about our PEO’s retirement plans, they’re sometimes skeptical about the value of using them, especially if they already have their own plans in place. They wonder: Is switching to a PEO’s retirement plan worth it? A Checklist: What To Look For In A PEO Retirement Plan. ?

Retirement Plan 52

Retirement Plan IT Electronics Employment 52

HR Professionals Magazine

JANUARY 25, 2023

Vaughn, FSA, MAAA, EA McGriff Retirement Practice Leader The post Borrowing Considerations to Fund Retirement Plan Liabilities appeared first on HRProfessionalsMagazine. It can lead to lower cash flow commitments for the near future, a balance-sheet-neutral transaction, and improved earnings.

Retirement Plan 52

Retirement Plan Pension Deductions Deductible 52

Proskauer's Employee Benefits & Executive Compensa

SEPTEMBER 21, 2021

The IRS recently updated its “Employee Plans Compliance Resolution System” (EPCRS). By way of background, EPCRS is a correction program administered by the IRS for plan sponsors to correct certain retirement plan errors. New Flexibility to Correct Retirement Plan Overpayments.

Retirement Plan 74

Retirement Plan Utilities Employment IT 74

Insperity

JANUARY 2, 2020

It’s no secret that current and prospective employees want their employer to offer a retirement plan. Whether your company is looking for a new retirement plan provider or reviewing your current retirement benefits, the first thing you need to understand is one size does not fit all. Final thoughts.

Retirement Plan 61

Retirement Plan Payroll Employment Employee Benefits 61

HR Professionals Magazine

MARCH 2, 2022

The post How Competitive is Your Company’s Retirement Plan? appeared first on HRProfessionalsMagazine.

Retirement Plan 52

Retirement Plan Employee Benefits 52

Health Consultants Group

APRIL 1, 2021

How CARES Act Affects Employee Retirement Plan Distributions. That includes compliance with CARES Act Section 2202 , Special Rules For Use of Retirement Funds. Employees who met these coronavirus-related conditions qualified for retirement plan distributions under the special rules. CARES Act Retirement Plan Rules.

Retirement Plan 52

Retirement Plan Taxes Pension Consulting 52

HR Digest

JULY 19, 2019

One way to get started is by contributing a part of your paycheck directly into your employer’s 401(k) plan. If they don’t offer one, then you look into other retirement savings vehicles such as Roth IRA or traditional IRA. The post Americans don’t have access to retirement plans appeared first on The HR Digest.

Retirement Plan 87

Retirement Plan IT 87

Patriot Software

APRIL 6, 2020

Offering employees the opportunity to contribute to a retirement plan is a benefit many for-profit businesses provide. If you run a nonprofit with 501(c)(3) status, you can offer your employees a 403(b) retirement plan. So, what is a 403(b) plan? But, what about nonprofits? Who can enroll?

Retirement Plan 52

Retirement Plan Software Payroll IT 52

Wellable

JULY 12, 2021

The traditional goal of retiring at 65 is becoming a thing of the past. According to a recent survey conducted by the National Institute on Retirement Security, about one third of working Americans say their retirement plans have changed as a result of the pandemic.

Retirement Plan 56

Retirement Plan Employment 56

BerniePortal

JUNE 8, 2021

working adult population has nothing saved for retirement and only Social Security to look forward to.” As a result, states are stepping in to provide state-sponsored retirement plans. An alarming article published in BenefitsPRO reported that “[a] sizeable chunk of the U.S.

Retirement Plan 52

Retirement Plan Employment 52

HR Bartender

SEPTEMBER 21, 2016

You mentioned defined benefits plans. I know one of your areas of expertise is in the area of retirement planning. There are lots of articles these days on the topic of retirement – ranging from whether people are actually retiring (versus transitioning to an encore career) to the financial considerations of retirement.

Retirement Plan 129

Retirement Plan Employee Wellness Human Resources Pension 129

Employee Benefit News

MAY 18, 2023

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Retirement Plan 77

Retirement Plan Employee Benefits 77

Snell & Wilmer Benefits

MARCH 25, 2022

2022-01 (the “Release”), the Department of Labor (the “Department”) signaled its intention to scrutinize inclusion of cryptocurrency assets and crypto-derivative products as investments in ERISA-covered retirement plans. In Compliance Assistance Release No.

Retirement Plan 40

Retirement Plan Commissions Employee Benefits IT 40

International Foundation of Employee Benefit Plans

MAY 3, 2023

Research shows that one of the key hurdles for achieving retirement security is having access to a retirement plan at work.

Retirement Plan 90

Retirement Plan Employment Employee Benefits 90

The Teacher's Advocate

SEPTEMBER 6, 2019

"Schoolteachers and others who pursue careers of service in exchange for modest paychecks get lightly regulated retirement plans that often charge excessive fees." 21, 2016 Think Your Retirement Plan Is Bad? By TARA SIEGEL BERNARD OCT. Just Talk to a Teacher Excellent article and yours truly even has a few quotes!

Retirement Plan 52

Retirement Plan 52

Employee Benefit News

DECEMBER 21, 2022

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Retirement Plan 122

Retirement Plan 122

Money Talk

MAY 11, 2023

I recently attended three webinars related to retirement planning. One discussed required minimum distribution (RMD) rules, the second, retirement planning in general, and the third, the FIRE ( F inancial I ndependence, R etire E arly) movement.

Taxes 199

Taxes Retirement Plan Finance Government 199

WEX Inc.

NOVEMBER 15, 2019

Qualified Retirement Plans must take various dollar limits into consideration. The IRS has released benefit plan limits for the New Year. We've created an infographic including the 2020 indexed figures for retirement limits, flexible benefit related limits, and transportation benefits.

Retirement Plan 40

Retirement Plan Transportation 40

Proskauer's Employee Benefits & Executive Compensa

DECEMBER 23, 2022

a long-awaited (and debated) package of retirement plan reforms. Given the breadth of the changes and the anticipated regulatory efforts to implement the new law, virtually all qualified retirement plans will need to be reviewed in conjunction with SECURE 2.0’s The wait is over for SECURE 2.0, may be viewed here.

Retirement Plan 108

Retirement Plan Taxes Employment Finance 108

Benefits Notes

AUGUST 9, 2022

On August 3, 2022, the IRS published Notice 2022-33, which extends the deadlines for amending retirement plans and IRAs to reflect certain changes to the law made by the SECURE Act; the Bipartisan American Miners Act; and section 2203 (allowing waiver of 2020 required minimum distributions) of the CARES Act. SECURE Act.

Retirement Plan 97

Retirement Plan Pension Employee Benefits IT 97

McDermott Will & Emery Employee Benefits

FEBRUARY 1, 2023

What do retirement plan professionals and participants need to know about the recently passed SECURE 2.0 Act of 2022? appeared first on EMPLOYEE BENEFITS BLOG.

Retirement Plan 74

Retirement Plan Employee Benefits 74

Money Talk

JUNE 16, 2022

If you picture retirement planning and taxes as a Venn Diagram, there is lots of overlap between these two areas of personal finance. This is true both during one’s working years (when taxpayers are saving for retirement) and later, when people are older and withdrawing taxable income from tax-deferred accounts.

Taxes 144

Taxes Retirement Plan Pension Employment 144