The Internal Revenue Service and the Department of the Treasury are requesting comments on this new SECURE 2.0 provision, which takes effect in 2027, that will provide low-income employees with an annual $1,000 match.
While the second half of the year typically means Open Enrollment for most companies, it's the perfect time to highlight the benefits of saving and investing in the company's retirement plan as workers are reviewing all their other benefits.
Just like auto enrollment and the default selection of target-date funds, the adoption of auto portability was given a push by SECURE 2.0 and the upcoming Saver's Match Program will allow low-income workers to save even more for retirement.
There are myriad ways to advise clients to increase awareness of their company retirement plan – send out educational emails, newsletters or videos, says Chuck Smith of Prime Capital Retirement.
"Shiny" new perks might cause employers to overlook what's right in front of them and underestimate the importance of retirement benefits—a mistake that could end up costing them talent, says a new Guideline survey.
The Plan Sponsor Council of America has launched a handy and customizable "Building Your Financial Future" educational campaign to help employers and plan sponsors recognize 401(k) Day tomorrow, September 6.
More than half of Americans do not know how Social Security fits into their retirement plan, which is why employers should provide resources or have someone from a local SSA office come speak in person, according to Allianz Life.
The IRS's new fact sheet includes guidance for provisions on de minimis financial incentives, Roth SIMPLE and SEP IRAs and designated Roth matching contributions – and how these provisions impact how certain amounts are reported on their W-2s.
HCA Healthcare, the nation's largest hospital chain, and UnitedHealthcare finalized their contract terms, keeping patients in-network in Texas, Colorado, South Carolina, and New Hampshire.
The IBM lawsuit caught the attention of Labor Department, which claims the three-year deadline to bring a fiduciary claim doesn't apply because workers didn't have "actual knowledge" of the ERISA violation.