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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.Tags: financial wellness, financial stress, emergency savings, secure 2.0, college loan repayment
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Publisher: SHRM
Author: John G. Lynch, Yanwen Wang & Muxin ZhaiViewpoint: Stop Employees from Cashing Out Their 401ks When Leaving a Job
401k savings are vulnerable during a job transition. This article breaks down why cashing out is not a good idea and how you can help employees avoid it.401k savings are vulnerable during a job transition. This article breaks down why cashing out is not a good idea and how you can help employees avoid it.Tags: participant education, participant behavior, participant communication, participant outcomes
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Publisher: 401(k) Specialist
Author: Amanda UmpierrezWhat the SVB Collapse Teaches Us About Retirement Planning
3 lessons the SVB collapse can teach us about managing a retirement plan. It examines the importance of diversifying investments, the need for proper due diligence when selecting a retirement plan provider, and the necessity of staying informed of r...3 lessons the SVB collapse can teach us about managing a retirement plan. It examines the importance of diversifying investments, the need for proper due diligence when selecting a retirement plan provider, and the necessity of staying informed of r...Tags: market commentary, svb
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Publisher: CFO
Author: No Author5 Quiet Workplace Trends CFOs Should Be Aware Of
As competition for talent stays fierce, here are 5 of the latest workplace trends that are quietly emerging.As competition for talent stays fierce, here are 5 of the latest workplace trends that are quietly emerging.Tags: participant behavior, recruiting and retention
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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.Tags: participant behavior, participant outcomes, secure 2.0
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Publisher: Plan Sponsor Consultants
Author: Plan Sponsor ConsultantsSECURE Act 2.0: Year-by-Year Reference Guide - Plan Sponsor Consultants
Secure Act 2.0 Year-by-Year Reference GuideSecure Act 2.0 Year-by-Year Reference GuideTags: secure 2.0
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Publisher: NATIONAL TAX-DEFERRED SAVINGS ASSOCIATION
Author: No AuthorState-Sponsored Plans: A Look at Participation
70% of employees don't want to save in state-mandated plans, but there is still time to offer a #401k plan before state deadlines.70% of employees don't want to save in state-mandated plans, but there is still time to offer a #401k plan before state deadlines.Tags: 2023, state run palns, start-up, starter 401k
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Publisher: PlanSponsor
Author: No AuthorHow Frequently Can Emergency Withdrawals Be Taken Under SECURE 2.0?
Retirement plan Q & A: How often can emergency withdrawals be taken under SECURE 2.0?Retirement plan Q & A: How often can emergency withdrawals be taken under SECURE 2.0?Tags: emergency savings, secure 2.0, withdrawls
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Publisher: CFO
Author: No AuthorWhy CFOs Should Be Cautious About “Quiet Hiring”
We've all heard of “quiet quitting” but your company may be suffering from "quiet hiring."We've all heard of “quiet quitting” but your company may be suffering from "quiet hiring."Tags: additional benefit, recruiting and retention, total benefits, employee benefit
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Publisher: CFO
Author: No Author78% of CFOs Say Quiet Quitting is a Problem: Weekly Stat
Are you struggling with employee retention? Learn about the latest statistics on 'quiet quitting' and tips to tackle this issue.Are you struggling with employee retention? Learn about the latest statistics on 'quiet quitting' and tips to tackle this issue.Tags: recruiting and retention, total benefits, employee benefit
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Publisher: 401(k) Specialist
Author: Thomas HawkinsDialing Up the Intensity of Missing Participant Searches - 401(k) Specialist
The “Swiss Army Knife” of missing participant searches can help plan sponsors fulfill their fiduciary duty to ensure that plan participants receive the retirement benefits that they’re owed.The “Swiss Army Knife” of missing participant searches can help plan sponsors fulfill their fiduciary duty to ensure that plan participants receive the retirement benefits that they’re owed.Tags: plan administration, missing participants
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Publisher: PLANSPONSOR
Author: No AuthorToday’s Employees Expect Retirement Plan Benefit in ‘New Savings Paradigm’ | PLANSPONSOR
According to a new trends report, many employees expect employers to offer a retirement plan benefit because of the tight labor market.According to a new trends report, many employees expect employers to offer a retirement plan benefit because of the tight labor market.Tags: participant communication, recruiting and retention, retirement
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Publisher: PLANSPONSOR
Author: No AuthorPersonalized Communications Key to Companies’ Attempts to Educate on Participants on Wider Range of Benef...
How to get more employees engaged in the 401(k) plan? Plan sponsors are tailoring strategies to help employees get what they need from financial wellness offerings.How to get more employees engaged in the 401(k) plan? Plan sponsors are tailoring strategies to help employees get what they need from financial wellness offerings.Tags: participant communication, employee communication, education
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Publisher: The Wagner Law Group | The Wagner Law Group
Author: No AuthorWho’s Liable When a Plan Participant is a Victim of Identity Theft
Who is on the hook if an employee’s identity or retirement savings is stolen?Who is on the hook if an employee’s identity or retirement savings is stolen?Tags: cybersecurity
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Publisher: Empower
Author: No AuthorTen financial resolutions for the New Year (and a financial goals worksheet to get started)
The best financial resolutions for 2023 If you're giving a little more thought into how to reach your goals at the start of the new year, you're not alone. It's a common practice throughout the world and has been around for thousands of years.1 New Y...The best financial resolutions for 2023 If you're giving a little more thought into how to reach your goals at the start of the new year, you're not alone. It's a common practice throughout the world and has been around for thousands of years.1 New Y...Tags: participant education, financial wellness, participant wellbeing, participant outcomes, 2023
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Publisher: Journal of Pension Benefits
Author: No AuthorA Look at the IRS's New Employee Plan Audit Pilot Program
The IRS is launching an audit program designed to reduce the time and burden of retirement plan audits. Check out the FAQsThe IRS is launching an audit program designed to reduce the time and burden of retirement plan audits. Check out the FAQs5 1 -
Publisher: PLANSPONSOR
Author: No AuthorEmployers Expect to Raise Pay in 2023 Beyond 2022 Increases | PLANSPONSOR
Looking for recruiting & retention ideas in a time of inflation and economic uncertainty? A few ideas to consider are boosting benefits, workplace flexibility, DEI efforts and an ongoing focus on improving the work experience. Despite WTW data sho...Looking for recruiting & retention ideas in a time of inflation and economic uncertainty? A few ideas to consider are boosting benefits, workplace flexibility, DEI efforts and an ongoing focus on improving the work experience. Despite WTW data sho...Tags: additional benefit, participant communication, recruiting and retention
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Publisher: Department of Labor
Author: No AuthorFinal Rule on Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights
BREAKING: The DOL allows for 401(k) plans to offer ESG funds. #DOL #ESGBREAKING: The DOL allows for 401(k) plans to offer ESG funds. #DOL #ESGTags: esg, department of labor
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Publisher: HR Dive
Author: No AuthorA ‘welcome development’: DOL proposes self-correction for retirement contribution mistakes
Under a new proposal, employers would be allowed to self-correct — and self-report — mistakes in retirement plan contributions. . Some limits would apply; among other things, businesses could only use the program for lost earnings under $1,000.Under a new proposal, employers would be allowed to self-correct — and self-report — mistakes in retirement plan contributions. . Some limits would apply; among other things, businesses could only use the program for lost earnings under $1,000.Tags: department of labor, voluntary corrections
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Publisher: ComplianceDashboard
Author: No Author401(k) CURRENT EVENTS: IRS EXPANDS DETERMINATION LETTER PROCESS FOR CERTAIN INDIVIDUALLY DESIGNED 401(K) PL...
On November 7, 2022, the IRS released Revenue Procedure (Rev. Proc.) 2022-40 which generally updates the determination letter submission process for qualified retirement plans, including 401(k) plans. In particular, among other changes, the program e...On November 7, 2022, the IRS released Revenue Procedure (Rev. Proc.) 2022-40 which generally updates the determination letter submission process for qualified retirement plans, including 401(k) plans. In particular, among other changes, the program e...Tags: irs, determination letters
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