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plans and provided tax credits to employers who offered 401(k) auto enrollment. But critics said this reform didn’t go far enough. Today, Secure Act 2.0 will require many employers to ...
A new report from the Investment Company Institute and ISS MI BrightScope concludes that 401(k) plans with automatic enrollment and employer contributions play a significant role in helping ...
The Treasury Department and the Internal Revenue Service issued proposed regulations Friday for several provisions of the SECURE 2.0 Act, including ones related to automatic enrollment in 401(k) and ...
Required minimum distributions, or RMDs, are mandatory withdrawals you're eventually required to make from retirement accounts funded with pretax money like traditional 401(k)s and traditional IRAs.
Changes to 401(k) plans in 2025 include higher contribution limits and new auto-enrollment requirements aimed at increasing retirement savings. The annual contribution cap rises to $23,500, with ...
ERISA experts Fred Reish and Joan Neri answer a question about addressing a plan sponsor client’s error in implementing automatic enrollment. Q: I am a registered ...
This will, for many new plans, change the rulebook. Historically, enrollment in a 401(k) has necessitated employee action. Thanks to auto enrollment the paradigm will change to an ‘opt-out ...
This is a big month for retirement savers. On Nov. 1, the IRS announced cost-of-living adjustments for 401(k) plans, and the contribution limits are going up for 2025. If you're planning ahead ...
We may be our own worst enemy when it comes to retirement savings. Innovations such as auto-enrollment, when an employer automatically sets a worker up in the company’s retirement plan ...
The Memphis Flyer is Memphis’ alternative newsweekly, serving the metro Memphis area of nearly a million residents. The Flyer was started in 1989 by Contemporary Media, Inc., the locally owned ...
The average balance for the so-called 401(k) “millionaires” came to $1,580,000, up from $1,551,300 in the fourth quarter, a Fidelity spokesperson said. There is no secret sauce for how a 401(k ...
Since "most people are like a deer in the headlights when it comes to a 401(k)," Williams favors automatic enrollment as another strategy as well, he said. Items as small as a cloth to clean glasses, ...
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