If you work for an employer that sponsors a 401(k) or a governmental agency that offers 457(b) plans, you might already know about catchup contributions. For a while, employers sponsoring these plans can give participants who are 50 or older by the end of the calendar...
Rolling over your 401(k) is a big deal. There are many reasons to avoid doing it – and while it is sometimes necessary, it isn’t easy. There are many reasons why one might want to roll over their 401(k) but one major reason is changing jobs – or leaving a job. And it...
Get ready: Automatic enrollment is mandatory in 2025 and now is the time to start preparing for this change! Under SECURE 2.0, there were numerous changes to retirement planning and one of the biggest changes is that automatic enrollment will be mandatory in 2025....
Back in the day, the retirement age was 55 – or whenever you got your 25 years of service in to the same company you worked for your whole life. However, we are living longer and healthier lives, so when do YOU plan to retire? The answers vary, depending on your...
If you manage employee benefit plans, you probably are familiar with the Employee Retirement Income Security Act of 1974, known as ERISA. The federal Department of Labor enforces provisions set forth in ERISA, and there are a few things that are consistently being...
When it comes to employee satisfaction, and ultimately retention, how much do employees value retirement benefits when they think about leaving or remaining at a company? As it turns out, it matters quite a bit! In this time where many companies are struggling to find...
In the past, your employer was not able to replace your SIMPLE IRA with a safe harbor plan during the year; however, new IRS changes will allow that to happen in 2024. So, what does this mean? Basically, due to the SECURE 2.0 Act, that are taking effect this year,...
When it comes to Generation Z and retirement, they are giving financial experts reason to believe they are taking their future financial situations seriously. While it might be the opinion of older generations that Generation Z and retirement planning aren’t something...
The SECURE Act and SECURE Act 2.0 are, by most accounts, successful, but what is in the retirement planning forecast for 2024? And possibly beyond? There is some uncertainty in the air, but retirement reform should stay something that both sides of the aisle work...
Small business owners are the backbone of the U.S. economy, and yet, many of them do not offer retirement plans to employees. In a recent survey by Capital Group, 65 percent of small business owners aren’t offering retirement plans to employees. With the SECURE 2.0...
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