Dec 3, 2024 | 401(k), Contributions, Participants, Plan Sponsors, Retirement Plans
For plan sponsors and participants alike, managing retirement plans is essential. It seems every year brings with it rule changes and new regulations and 2025 will be no different. Therefore, being aware of the changes the new year will bring is an important part of...
Aug 15, 2024 | 401(k), Plan Sponsors
When managing your organization’s retirement plan, there will be times when you’ll need to completely re-write your plan document. This is often prompted by changes in 401k policies. Drafting a new plan document brings with it a set of 401k restatement requirements...
Feb 12, 2024 | 401(k), Plan Sponsors
In times of crisis or unforeseen circumstances, plan sponsors play a critical role in helping employees navigate financial challenges. One option available to employees facing financial hardships is the ability to make emergency withdrawals from their 401(k)...
Jan 11, 2024 | 401(k), Government Regulation, Participants, Retirement Plans
Now that 2024 has arrived, it brings with it new changes that significantly impact retirement plans, specifically for part-time employees who have been working for your organization for a long time. The SECURE Acts have ushered in modifications to retirement...
Nov 16, 2023 | 401(k), Contributions
As we approach the new year, it’s important to stay informed about changes that may impact retirement plans. Most recently, the Internal Revenue Service has announced significant changes to 401(k) contribution limits in 2024, allowing individuals to save even...
