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Publisher: benefitspro.com
Author: No Authoras gen x turns 60 this generation doubts their retirement readiness
This "sandwich generation," more than any others, may need to be made aware of just how short they be in their retirement savings journey, as well as SECURE 2.0 catch-up contributions, according to a new report.This "sandwich generation," more than any others, may need to be made aware of just how short they be in their retirement savings journey, as well as SECURE 2.0 catch-up contributions, according to a new report.This "sandwich generation," more than any others, may need to be made aware of just how short they be in their retirement savings journey, as well as SECURE 2.0 catch-up contributions, according to a new report.Tags: participant behavior, delayed retirement, retirement readiness, secure 2.0
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Publisher: benefitspro.com
Author: No Authorsecure 2-0 act impact 8 mandatory changes for 401k plans in 2024
Employers can "match" contributions for student loan payments to 401(k)s or offer auto-enrollment in an emergency savings account for participants, who could make contributions up to $2,500.Employers can "match" contributions for student loan payments to 401(k)s or offer auto-enrollment in an emergency savings account for participants, who could make contributions up to $2,500.Employers can "match" contributions for student loan payments to 401(k)s or offer auto-enrollment in an emergency savings account for participants, who could make contributions up to $2,500.Tags: secure 2.0, plan design
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Publisher: ComplianceDashboard Blog
Author: Peter Iverson, Esq.irs releases guidance on disaster relief distributions and loans under 401k plans
Learn about disaster relief distributions and expanded loans under qualified retirement plans.Learn about disaster relief distributions and expanded loans under qualified retirement plans.Learn about disaster relief distributions and expanded loans under qualified retirement plans.Tags: secure 2.0, loans, irs, disaster relief
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Publisher: PLANSPONSOR
Author: No AuthorHow Plan Sponsors Can Address Declining Retirement Confidence in 2024 | PLANSPONSOR
Plan sponsors should consider diversifying their fixed-income allocations in their investment menus, as well as exploring optional SECURE 2.0 provisions, to improve retirement readiness, according to MFS.Plan sponsors should consider diversifying their fixed-income allocations in their investment menus, as well as exploring optional SECURE 2.0 provisions, to improve retirement readiness, according to MFS.Plan sponsors should consider diversifying their fixed-income allocations in their investment menus, as well as exploring optional SECURE 2.0 provisions, to improve retirement readiness, according to MFS.Tags: retirement readiness, secure 2.0, investment options
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Publisher: 401(k) Specialist
Author: Editorial StaffIRS Proposes New LTPTE Regulations for 401(k)s
The IRS has issued proposed guidelines for a SECURE Act rule change regarding long-term, part-time employee participation in 401(k) plans.The IRS has issued proposed guidelines for a SECURE Act rule change regarding long-term, part-time employee participation in 401(k) plans.The IRS has issued proposed guidelines for a SECURE Act rule change regarding long-term, part-time employee participation in 401(k) plans.Tags: legislation, secure 2.0, plan design, long term part time, plan administration
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Publisher: The Wagner Law Group | The Wagner Law Group
Author: No AuthorPrepare for Upcoming Changes to Defined Contribution Plans Long-Term, Part-Time Employees
Blog: Prepare for Upcoming Changes to Defined Contribution Plans Long-Term, Part-Time Employees | The Wagner Law Group is a boutique law firm handling ERISA & Employee Benefits legal matters.Blog: Prepare for Upcoming Changes to Defined Contribution Plans Long-Term, Part-Time Employees | The Wagner Law Group is a boutique law firm handling ERISA & Employee Benefits legal matters.Blog: Prepare for Upcoming Changes to Defined Contribution Plans Long-Term, Part-Time Employees | The Wagner Law Group is a boutique law firm handling ERISA & Employee Benefits legal matters.Tags: participant communication, secure 2.0, plan design, long term part time, plan administration
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Publisher: BenefitsPRO
Author: No AuthorThe 401(k) plan, reimagined: Key SECURE 2.0 changes that take effect in 2024
Aside from the wealth of provisions offering everything from tax credits to reduced administrative burdens, the new law will be critical in building savings for part-timers, nonprofit workers and those saddled with student debt.Aside from the wealth of provisions offering everything from tax credits to reduced administrative burdens, the new law will be critical in building savings for part-timers, nonprofit workers and those saddled with student debt.Aside from the wealth of provisions offering everything from tax credits to reduced administrative burdens, the new law will be critical in building savings for part-timers, nonprofit workers and those saddled with student debt.Tags: secure 2.0
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Publisher: Wall Street Journal
Author: No AuthorHow to Get a 401(k) Match for Your Student Loan Payments
Rule changes mean paying down your student loans could soon help boost your retirement account.Rule changes mean paying down your student loans could soon help boost your retirement account.Rule changes mean paying down your student loans could soon help boost your retirement account.Tags: secure 2.0, additional benefit, student loan
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Publisher: CNBC
Author: Sharon Epperson,Stephanie DhueAmid financial stress, workers are asking for emergency savings accounts as a job benefit, survey finds
Employers are taking notice of employees' financial concerns beyond traditional retirement savings and are expanding their benefit offerings in response.Employers are taking notice of employees' financial concerns beyond traditional retirement savings and are expanding their benefit offerings in response.Employers are taking notice of employees' financial concerns beyond traditional retirement savings and are expanding their benefit offerings in response.Tags: financial wellness, financial stress, secure 2.0, emergency savings, 401k
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Publisher: Business Insider
Author: No Author401(k) catch-up contribution limit changes coming in 2026: 4 things you should know now
Here's what you need to know about the 401(k) catch-up contribution limit changes coming in 2026. The SECURE 2.0 Act will affect older, higher-earning workers.Here's what you need to know about the 401(k) catch-up contribution limit changes coming in 2026. The SECURE 2.0 Act will affect older, higher-earning workers.Here's what you need to know about the 401(k) catch-up contribution limit changes coming in 2026. The SECURE 2.0 Act will affect older, higher-earning workers.Tags: secure 2.0, plan provisions, contribution limits
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Publisher: BenefitsPRO
Author: No AuthorReady to implement SECURE 2.0? Manual HR processes will leave organizations scrambling | BenefitsPRO
With SECURE 2.0 signed into law, featuring new auto-enrollment requirements, retirement advisors can help prepare payroll systems for the new regulations, otherwise employers will face the possibility of fines.With SECURE 2.0 signed into law, featuring new auto-enrollment requirements, retirement advisors can help prepare payroll systems for the new regulations, otherwise employers will face the possibility of fines.With SECURE 2.0 signed into law, featuring new auto-enrollment requirements, retirement advisors can help prepare payroll systems for the new regulations, otherwise employers will face the possibility of fines.Tags: automatic features, secure 2.0, 2023, amendments
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Publisher: National Association of Plan Advisors
Author: No AuthorBreaking News! IRS Grants Two-Year Delay in Roth Catch-Up Requirements
The Internal Revenue Service (IRS) released guidance on Friday afternoon that addressed Section 603 of the SECURE 2.0 Act concerning Roth catch-up contributions. The guidance grants a two-year delay in the provision's effective date that mandates cat...The Internal Revenue Service (IRS) released guidance on Friday afternoon that addressed Section 603 of the SECURE 2.0 Act concerning Roth catch-up contributions. The guidance grants a two-year delay in the provision's effective date that mandates cat...The Internal Revenue Service (IRS) released guidance on Friday afternoon that addressed Section 603 of the SECURE 2.0 Act concerning Roth catch-up contributions. The guidance grants a two-year delay in the provision's effective date that mandates cat...Tags: secure 2.0, roth
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Publisher: 401(k) Specialist
Author: Amanda UmpierrezNow Is the Time for Emergency Savings
Emergency savings are pretty handy! Here's why employers are best equipped to incorporate emergency savings into their benefits package now.Emergency savings are pretty handy! Here's why employers are best equipped to incorporate emergency savings into their benefits package now.Emergency savings are pretty handy! Here's why employers are best equipped to incorporate emergency savings into their benefits package now.Tags: financial wellness, secure 2.0, emergency savings, total benefits, employee benefit
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Publisher: PLANSPONSOR
Author: No AuthorHow Is Compensation Defined When Considering SECURE 2.0 Catch-Up Rules? | PLANSPONSOR
Your questions answered about compensation for Roth Catch-Up contributions starting in 2024.Your questions answered about compensation for Roth Catch-Up contributions starting in 2024.Your questions answered about compensation for Roth Catch-Up contributions starting in 2024.Tags: secure 2.0, contribution limits, roth
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Publisher: SHRM
Author: John EganEmployers Step Up with Emergency Savings Accounts
SECURE 2.0 opened a door for emergency savings accounts (ESAs) and it is catching on. This initiative is part of a growing trend among businesses to ease their employees' financial burdens.SECURE 2.0 opened a door for emergency savings accounts (ESAs) and it is catching on. This initiative is part of a growing trend among businesses to ease their employees' financial burdens.SECURE 2.0 opened a door for emergency savings accounts (ESAs) and it is catching on. This initiative is part of a growing trend among businesses to ease their employees' financial burdens.Tags: financial wellness, financial stress, secure 2.0, emergency savings
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Publisher: Spotlight on Benefits
Author: Joshua Waldbeser, Yael KalmanIRS Issues Interim Guidance on SECURE 2.0 Self-Correction Expansion - Spotlight on Benefits
The IRS has issued interim guidance on Section 305 of the SECURE 2.0 Act. Learn how this significant expansion of the self-correction program impacts your retirement plan.The IRS has issued interim guidance on Section 305 of the SECURE 2.0 Act. Learn how this significant expansion of the self-correction program impacts your retirement plan.The IRS has issued interim guidance on Section 305 of the SECURE 2.0 Act. Learn how this significant expansion of the self-correction program impacts your retirement plan.Tags: secure 2.0, plan administration, self corrections
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Publisher: PLANSPONSOR
Author: No AuthorPlan Sponsors Have Lots to Prep for SECURE 2.0 Compliance | PLANSPONSOR
Are you ready for SECURE 2.0 401(k) changes? Here’s a quick overview of what’s required and optionalÂAre you ready for SECURE 2.0 401(k) changes? Here’s a quick overview of what’s required and optionalÂAre you ready for SECURE 2.0 401(k) changes? Here’s a quick overview of what’s required and optionalÂTags: secure 2.0, emergency savings, roth, rmd
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Publisher: |Belfint Lyons Shuman
Author: No AuthorSECURE Act 2022 EPCRS Update | Enhanced Correction Options
Learn more about several of the EPCRS changes made by the SECURE Act 2.0 including expanded correction options - Delaware CPA.Learn more about several of the EPCRS changes made by the SECURE Act 2.0 including expanded correction options - Delaware CPA.Learn more about several of the EPCRS changes made by the SECURE Act 2.0 including expanded correction options - Delaware CPA.Tags: secure 2.0, 2023, self corrections, errors
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Publisher: PLANSPONSOR
Author: No AuthorSECURE 2.0 Enables Improvements to Overall Financial Wellness | PLANSPONSOR
From offsetting college debt payments to emergency savings, SECURE 2.0 has the potential to help participants beyond just retirement savings.From offsetting college debt payments to emergency savings, SECURE 2.0 has the potential to help participants beyond just retirement savings.From offsetting college debt payments to emergency savings, SECURE 2.0 has the potential to help participants beyond just retirement savings.Tags: financial wellness, financial stress, secure 2.0, emergency savings, college loan repayment
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Publisher: HR Daily Advisor
Author: No AuthorSecure Act 2.0 Encourages Employee Participation in Retirement Savings - HR Daily Advisor
Secure Act 2.0 is making it easier for employees to save for retirement! The new legislation encourages employees to participate in retirement savings plans and provides them with #tax incentives for doing so.Secure Act 2.0 is making it easier for employees to save for retirement! The new legislation encourages employees to participate in retirement savings plans and provides them with #tax incentives for doing so.Secure Act 2.0 is making it easier for employees to save for retirement! The new legislation encourages employees to participate in retirement savings plans and provides them with #tax incentives for doing so.Tags: participant behavior, participant outcomes, secure 2.0
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