401(k) Archives - Word on Benefits

IRS Guidance on Qualified Student Loan Payment (QSLP) Match Programs

Jenny Gartman, CEBS

11 Sep 202423 Sep 2024

Section 110 of the SECURE 2.0 Act of 2022 allows employers to make matching contributions toward employees’ qualified student loan payments (QSLPs) to 401(k) plans, 403(b) plans and governmental 457(b) plans (and SIMPLE IRAs plans not summarized in this blog). Internal Revenue […]

401(k) Plans Employee Benefits Retirement U.S.

Top Reasons for 401(k) Loans

Jenny Gartman, CEBS

04 Sep 202404 Sep 2024

Many 401(k) plans allow participants to take out loans from their individual 401(k) account. According to Employee Benefits Survey: 2024 Survey Report, 81% of corporate employer plans offered a 401(k) loan provision. While loan options provide flexibility for those tentative to contribute […]

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Educating DC Plan Participants for the Long Hike to Retirement

Kathy Bergstrom, CEBS

16 Apr 202416 Apr 2024

Many years ago, I visited Grand Canyon National Park with my mom and aunt. It was unseasonably hot, but I wanted to walk down into the canyon on the Bright Angel Trail. My companions were not up for the hike, so I […]

Employee Benefits Retirement

SECURE 2.0 Act: Where Are We Now?

Amanda Wilke, CEBS

23 Jan 202423 Jan 2024

The SECURE 2.0 Act of 2022 (SECURE 2.0) encompasses a number of changes affecting retirement plans that go into effect over the next few years. SECURE 2.0 aims to make it easier for employers to offer retirement plans and help employees plan […]

401(k) Plans Employee Benefits Financial Education Financial Education (U.S.) Regulatory Retirement SECURE 2.0 U.S.

Matching Contributions for Qualified Student Loan Payments Under SECURE Act 2.0

Jenny Gartman, CEBS

31 Aug 202331 Aug 2023

With the federal student loan debt relief plan ruled unconstitutional by the Supreme Court, more employers are expected to consider offering student loan repayment benefits (covered in Part 1) or retirement plan matching under the SECURE Act 2.0 of 2022. The optional […]

401(k) Plans Defined Contribution (DC) Plans Employee Benefits Legislative Regulatory Retirement SECURE 2.0 U.S.

SECURE 2.0 Act: A Breakdown of Ten Big Implications for Employers

Anne Patterson

31 Jan 202310 Mar 2023

The SECURE 2.0 Act was included in a 4,155-page omnibus spending bill that passed on December 23 when President Biden signed it into law. We broke down the law in the latest Talking Benefits podcast episode, focusing on major implications for plan […]

401(k) Plans Cybersecurity DOL Education Employee Benefits U.S.

Cryptocurrency Guidance for 401(k) Plan Fiduciaries

Jenny Gartman, CEBS

04 May 202204 May 2022

Last week, we shared five reasons why cryptocurrencies can present serious risks to 401(k) fiduciaries and participants. Since then, there has been some confusion about fiduciary duties when it comes to a cryptocurrency option that is fully integrated into a plan’s core […]

Employee Benefits

Five Reasons Why Cryptocurrencies Can Present Serious Risks to 401(k) Fiduciaries and Participants

Jenny Gartman, CEBS

28 Apr 202228 Apr 2022

On March 10, 2022, the Department of Labor’s Employee Benefits Security Administration (EBSA) released compliance guidance that cautions plan fiduciaries to exercise extreme care before they consider adding a cryptocurrency option to a 401(k) plan’s investment menu for plan participants. The guidance […]

401(k) Plans Defined Contribution (DC) Plans Employee Benefits Financial Education Financial Wellness Investments U.S.

The Multiemployer Retirement Plan Landscape: 10 DC Plan Takeaways

Justin Held, CEBS

09 Feb 202209 Feb 2022

According to The Multiemployer Retirement Plan Landscape: A 15-Year Look (2004-2018), the average defined contribution (DC) plan account balance increased from increased from $18,300 at the end of 2004 to $42,300 at the end of 2018, while aggregate disbursements also grew. The […]

401(k) Plans Defined Contribution (DC) Plans Employee Benefits Employee Benefits Survey Financial Education Retirement U.S.

The State of Defined Contribution Retirement Plans in 2021

Justin Held, CEBS

24 Feb 202124 Feb 2021

The number of organizations offering defined contribution (DC) retirement plans has increased over the past two years, making them the primary retirement vehicle for an increasing share of the U.S. workforce. The International Foundation’s 2020 Employee Benefits Survey showed that 87% of […]