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4 May 2024, 11:35 am by Richard West
This exemption ensures that workers necessary instruments for their profession, such as construction tools or medical equipment, cannot be taken away during the bankruptcy process.Retirement savings, such as 401(k) plans or IRAs, are usually exempt from bankruptcy proceedings. [read post]
30 Apr 2024, 3:10 am by Zack Peckham, Health-E Commerce
An HSA Future Value Calculator can help employees project the future value of their account, while an HSA and 401(k) Maximizer can help employees determine how the accounts can collectively support their savings goals. [read post]
27 Apr 2024, 3:00 am by Petrelli Previtera, LLC
Marital property may include: Real and personal property —homes, motor vehicles, boats, jewelry, electronics Family businesses — partnerships, sole proprietorships, joint ventures Retirement funds — IRAs, 401(k)s, pensions, deferred compensation Investment portfolios — stocks, bonds, mutual funds, and so on Financial accounts — checking, savings, money markets and insurance holdings 2. [read post]
26 Apr 2024, 5:18 pm by Petrelli Previtera, LLC
Marital property may include: Real and personal property —homes, motor vehicles, boats, jewelry, electronics Family businesses — partnerships, sole proprietorships, joint ventures Retirement funds — IRAs, 401(k)s, pensions, deferred compensation Investment portfolios — stocks, bonds, mutual funds, and so on Financial accounts — checking, savings, money markets and insurance holdings 2. [read post]
9 Apr 2024, 3:02 am by Rob Whalen, PTO Exchange
Beyond providing benefits such as financial literacy workshops and 401(k) matching, HR teams should consider whether their existing benefits budgets are being put to good use. [read post]
6 Apr 2024, 4:35 am by Guest Author
To remedy this, SECURE 2.0 requires that all 401(k) and 403(b) plans adopted after December 29, 2022, include an auto-enrollment feature. [read post]
13 Mar 2024, 12:55 pm by Kevin LaCroix
In a February 21, 2024, ruling, the Northern District of Texas denied the motion to dismiss in a lawsuit filed by an American Airlines pilot alleging that the airline and its employee benefits committee violated their fiduciary duties under ERISA to the company’s 401(k) plan participants in connection with selection and retention of funds whose managers allegedly pursue non-economic ESG objectives rather than maximizing plan participants’ financial benefits. [read post]
11 Mar 2024, 10:00 pm by Sherica Celine
New Practical Guidance Content Drug and Alcohol Testing Policy (with Acknowledgment) (NV) (automated template) – by Christian Gabroy, Gabroy Messer Employment Agreement (Offer Letter) (Non-executive, At Will) (NV) (automated template) – by Christian Gabroy, Gabroy Messer Employment Application (NV) (automated template) – by Christian Gabroy, Gabroy Messer Equal Employment Opportunity Policy (with Acknowledgment) (NV) (automated template) – by Christian Gabroy, Gabroy Messer… [read post]
4 Mar 2024, 10:00 pm by Sherica Celine
New and Updated Practical Guidance Content Benchmarking 401(k) Plans Video Generative AI and Employee Benefits Administration (401(k) Plans) Video Qualified Retirement Plan Distribution Rules SECURE 2.0 Act Implementation Timeline for Retirement Plan Sponsors Minimum Funding Requirements for Defined Benefit Pension Plans Retirement Plan Mergers and Spin-Offs Retention Bonus and Change in Control Agreement Labor Department Releases Independent Contractor… [read post]
4 Mar 2024, 12:58 pm by Petrelli Previtera, LLC
Retirement benefits like 401(k)s, pension plans, and IRAs that predate the marriage are considered separate property. [read post]
26 Feb 2024, 10:00 pm by Sherica Celine
New and Updated Practical Guidance Content Benchmarking 401(k) Plans Video Generative AI and Employee Benefits Administration (401(k) Plans) Video Generative AI and Employee Benefits Administration (Health Plans and Open Enrollment) Video Qualified Retirement Plan Distribution Rules SECURE 2.0 Act Implementation Timeline for Retirement Plan Sponsors Minimum Funding Requirements for Defined Benefit Pension Plans Retirement Plan Mergers and Spin-Offs… [read post]
19 Feb 2024, 10:00 pm by Sherica Celine
Read now » Related Content 401(k) Plans: Understanding the Rules See how the underpinnings of 401(k) plan testing require first that the plan administrator identify who are the highly compensated employees (HCE) in a plan. [read post]
12 Feb 2024, 10:00 pm by Sherica Celine
New and Updated Practical Guidance Content SECURE 2.0 Act Implementation Timeline for Retirement Plan Sponsors Minimum Funding Requirements for Defined Benefit Pension Plans Nondiscrimination Testing in 401(k) Plans: ADP and ACP Tests Retirement Plan Mergers and Spin-Offs Nonqualified Retirement Plan Features Checklist Retention Bonus and Change in Control Agreement Not Done Yet—Employee Benefits Plan Transition and Integration Decisions Continue After M&A… [read post]
9 Feb 2024, 2:52 am
While you can’t do this with a Roth IRA, it’s a strategy that can work with a traditional IRA, 401(k), 403(b), or similar account.Note that any beneficiary of a retirement account, charity or otherwise, will have to pay income tax on any distributions they receive. [read post]
6 Feb 2024, 12:22 pm
Some assets, such as 401(k)s that have beneficiary designations, normally bypass probate. [read post]
6 Feb 2024, 7:12 am by Unknown
The Thrift Savings Plan is a retirement savings and investment plan for federal employees and uniformed service members similar to a 401(k) in the private sector. [read post]