Delta Airlines recently became the latest organization embattled in a highly publicized retirement plan lawsuit over its allegedly excessive 401(k) fees. Unfortunately, the company could’ve avoided its fate by taking a few extra steps.
Student loan repayment benefits have become an increasingly popular tool for recruiting and retention in recent years and, if this bill passes, that trend is only likely to continue.
Much has been said about the Affordable Care Act’s (ACA) impact on employers’ healthcare plans, but that’s not the only benefit that’s being affected.
Many features of employer-sponsored 401(k)s vary greatly from company to company. So what does a “typical” 401(k) look like?
Just three percent of employers currently offer student loan repayment benefits. But based on a number of reliable factors, that number may skyrocket in the not so distant future.
For some time, employers have been asking the IRS to allow them to make certain 401(k) changes during the middle of the plan year without violating the federal tax code. Now the agency has responded to those requests.
Being a benefit plan fiduciary is a tricky role to play nowadays. Here’s some guidance you may want to share with your C-level folks.
You know those complex fee-disclosure statements you have to make sure your employees get regarding their 401k plans? If the DOL has its way, workers may have to get the same type of info about their health insurance.
Here’s another reason why employers should limit (or even eliminate altogether) workers’ opportunities for 401(k) hardship withdrawals.
