‘Save my retirement fund!’ Will feds kill 401(k) tax benefits?
Is your 401(k) in danger? A group of pension professionals thinks so.
Is your 401(k) in danger? A group of pension professionals thinks so.
Sure, you should expect your 401(k) provider to deliver results. But there are plenty of things you can do in-house to ensure your staff gets the most from their retirement plans.
Considering the even-bigger bite health insurance is about to take out of most employers’ budgets (thanks, Obamacare), companies are facing many tough decisions when it comes to their benefits offerings.
These days, 401(k) education is an absolute must for employees. For many workers, their 401(k) is their main (and sometimes only) retirement savings vehicle.
Ask employees what worries them most about their 401(k) and you’ll likely hear some variation of this: It’s unstable, and I could lose virtually everything if the market crashes. It’s a reasonable fear.
Fresh 401(k) data is in and it doesn’t look good.
In a move that should come as a surprise to no one, the DOL delayed the effective date of the fiduciary rule. Now that there’s some definitive information on the rule’s timetable, Finance can move forward with its strategy.
When a person asks, “How much money will I need in retirement?” the only honest way to answer is with, “It depends.” What’s most helpful is steering the person’s thinking in another direction so they can take honest stock of their finances before it’s too late. Employees may come to you or other trusted financial […]
Employer retirement plans have been in the spotlight lately. Many employers are ahead of the game, offering workers a variety of options for saving and matching contributions. So how does your company measure up against your peers? Most are opting for traditional 401(k) plans, according to XpertHR’s 2021 Employee Benefits Survey. Sixty percent of employers […]
There’s no shortage of theories on when the economy will turn around. Here are 15 of the wackiest signals out there.
CFOs hate to hear about poor financial literacy among workers, especially the folks they count as friends. The latest economic news on that front isn’t good (though it may be great news for some employers. More on that later.) Just 58% of Baby Boomers have saved for retirement, according to Zerohedge. The most recent U.S. […]
You’ve seen plenty of news stories about giant corporations that are passing along the savings from the new tax law to their employees. But until now, it’s been tough to get a picture of just how many employers, percentage wise, are actually going to make such a move.
If this bill passes, it may be very hard to convince certain workers not to dip into their retirement savings when things get tough.
Employers now have a bit more clarity when it comes to determining how to calculate the maximum amount of a participant’s 401(k) loan if they have taken out prior loans during the same plan year.
It can be a particular challenge to get employees with small paychecks to participate in a retirement plan. This tax credit may help.
Employees who want to set aside more money for their 401(k) plans in 2022 should get ready to do so. IRS recently announced many retirement plan increases, putting your year-end prep in high gear. The 401(k) plan salary deferral limit will head up to $20,500. The current maximum contribution amount, $19,500, has been in place […]
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