by Market Cheetah | Oct 3, 2020 | Disability Benefits, Diversity and Inclusion, Human Resources, Retirement and Financial Planning
The IRS issued final regulations for Achieving a Better Life Experience (ABLE) accounts, which help people with disabilities to save for eligible expenses. More employers may now offer and contribute to ABLE accounts as an employee benefit.
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by Market Cheetah | Sep 12, 2020 | Human Resources, Retirement and Financial Planning
Some employers are taking steps to ease employees’ financial burdens and setting up emergency savings accounts that allow automatic deposits through payroll deductions—much like how employees fund their 401(k) plans.
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by Market Cheetah | Aug 22, 2020 | Defined Contribution Plans, Fiduciary Duty, Human Resources, Retirement and Financial Planning
The Department of Labor issued an interim final rule that, starting August 2021, will require 401(k) plan sponsors to annually disclose to plan participants estimates on how much income their account balance would produce if used to purchase an annuity. Plan sponsors should work with their record keepers to formulate a plan for compliance.
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