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Contributions and part-time employees: What employers need to know

Contributions and part-time employees: What employers need to know

by Vicki Prenger | Jun 5, 2025 | Uncategorized

In the past, part-time employees haven’t been given the opportunity to receive matching contributions with employer retirement accounts. However, as a provision of the SECURE 2.0 act, the eligibility rules have changed – while the requirements haven not. Currently,...
Don’t put your retirement at risk: Limit hardship withdrawals

Don’t put your retirement at risk: Limit hardship withdrawals

by Vicki Prenger | May 8, 2025 | Uncategorized

The number of American workers who are taking hardship withdrawals out of their employer-sponsored retirement plans is on the rise – potentially putting retirement at risk. According to Vanguard Group, 4.8% of 401(k) participants in 2024 took a hardship withdrawal –...
Retirement saving: More Americans than ever have $1 million in their 401(k)

Retirement saving: More Americans than ever have $1 million in their 401(k)

by Vicki Prenger | Apr 9, 2025 | Uncategorized

A recent report came out showing that more Americans than ever have $1 million in their 401(k). This is great news for retirement saving! But when you look a little deeper, there still aren’t a massive amount of millionaires winning the game of retirement saving. So,...
Retirement account balances are at an all-time high

Retirement account balances are at an all-time high

by Vicki Prenger | Mar 10, 2025 | Uncategorized

It seems Americans are saving more for retirement, with retirement account balances at an all-time high, according to a report by Fidelity Investments. In the report, the company noted that average overall contributions are also on the rise – nudging closer to its...
Auto-enrollment and your job: What you need to know about 401(k) retirement plans

Auto-enrollment and your job: What you need to know about 401(k) retirement plans

by Vicki Prenger | Feb 6, 2025 | Uncategorized

If your job offers 401(k) retirement plans, pay close attention to company communications. Starting earlier this year, many companies are now required to auto-enroll employees into 401(k) retirement plans – even if you’ve previously opted out. This change is due to...
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Recent Posts

  • Contributions and part-time employees: What employers need to know
  • Don’t put your retirement at risk: Limit hardship withdrawals
  • Retirement saving: More Americans than ever have $1 million in their 401(k)
  • Retirement account balances are at an all-time high
  • Auto-enrollment and your job: What you need to know about 401(k) retirement plans

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    Prenger & Profitt, LLC

    We specialize in retirement plan design and compliance. At Prenger & Profitt, LLC, our mission is to advise and guide you through – not sell. In fact, because we do not sell investment products, we provide our clients...

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