Option 1. Luckily I am not so much of an HCE that I can’t contribute to a Roth so I will still be putting the money towards retirement, just not in my 401k. I have to think that the recession has likely made this problem more profound with companies reducing their match thus reducin...
2.) Non-discrimination testing (NDT). As tax-favored plans, 401(k) plans should benefit all participants. The IRS mandates that retirement plans conduct non-discrimination testing every year to ensure that plans are not favoring highly compensated participants. Companies that fail a non-discriminati...
By Steff Chalk / 401k Technology, Communication, Compliance, Documents & testing, Featured Article Steff, Latest Stories, SECURE Act, Secure Act Changes Participant lifetime income disclosures will soon become a reality. Under the Setting Every Community Up for Retirement Enhancement (SECURE) Act, ...
Compliance tests.Menke tests your 401(k) and ESOP to ensure they are in full compliance with all ERISA regulations. Combined testing.Menke makes sure that your 401(k) and ESOP work together properly, and refund any 401(k) participants who deferred too much. ...
financial stress management, financial uncertainty, Financial Wellness, Health & Wellness, Health Savings Account, healthcare, Healthcare & other benefits, hiring, inflation concerns, inflation stress, personal financial advice, Recession, Retirement Happiness, Retirement Plan Testing, Retirement Readiness, ...
(ERISA, retirement plan),Benchmarking & Monitoring Fees & Partners,Benchmarking Fees,Benchmarking Funds,Benefits integration,Communication,Compensation,Compliance,Consolidation,Convergence,cybersecurity,DC Plan Sponsors,Documents & testing,Due Diligence,Fiduciary,Fiduciary,Financial Advisors,Financial Wellness,...
By Fred Barstein / 401k News, Benchmarking & Monitoring Fees & Partners, DC Plan Sponsors, DC plans, Documents & testing, Economy, Fiduciary, Financial Advisors, Financial Security, investment comittee, Managed Accounts, Plan Acquisition, Record Keepers, Recordkeeping, Retirement Committee, RPA Reco...
ByFred Barstein/401k News,Adaptability,adult learning,AI,benefit education,benefits committee,Client connection,collaboration,Communication,Confidence,DC Plan Sponsors,Documents & testing,Economy,education,Employee Benefits,Employee engagement,Employee happiness,evolving and adapting,Fiduciary,Financial Advisors,finan...
ByFred Barstein/401k News,Adaptability,Authenticity,benefits committee,Communication,DC plans,DEI,diversity,Fiduciary,Fiduciary,Financial Wellness,Financial Wellness,Inclusion,nondiscrimination testing,office environment,Regs and Regulators Employers say the biggest challenges they face in 2024 are financial wellnes...
financial stress management,financial uncertainty,Financial Wellness,Health & Wellness,Health Savings Account,healthcare,Healthcare & other benefits,hiring,inflation concerns,inflation stress,personal financial advice,Recession,Retirement Happiness,Retirement Plan Testing,Retirement Readiness,Retirement Savings Concern...