Today’s blog covers IRS guidance on making it easier for employees with access to an employer-sponsored 401(k), 403(b) or 457(b) plan to participate in the Saver’s Match program.
Learn how TrumpIRA.gov and the Saver’s Match could expand retirement savings access, which workers and account types may be affected, and what plan sponsors should consider in today’s blog.
An executive order signed in August may give 401(k) participants more access to investment strategies under which a portion of their contributions are allocated to alternative assets, offering them the opportunity to accumulate more money in their retirement accounts.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
