SmartPath的动态

??Attention Plan Sponsors: Important changes to retirement plans under the SECURE Act require immediate action! Long-Term Part-Time Employees are now eligible for 401(k) plans, and the counting of Form 5500 participants has been revised. Ensure compliance and avoid penalties by understanding and implementing these changes now. #retirementplanning #SECUREAct #compliancechanges https://hubs.li/Q02v526n0

"At least 80% of employers could have their retirement needs met by a PEP." - Fred Reish (partner at Faegre Drinker) With the passing of the SECURE Act, came the birth of the Pooled Employer Plan (PEP) and some significant relief to employers who offer their employees a 401(k) plan. An employer adopting a PEP no longer has to sponsor a retirement plan, relieving them of 99% of administrative tasks and oversight. Not only does a PEP significantly reduce fiduciary responsibility, but it also eliminates the plan audit at the sponsor level, while providing your employees a state of the art participant experience. Check out the article below or reach out to us a Vista Partners of Baird to learn more about how a PEP could fit your needs. https://lnkd.in/dJRiCDwU

Auto enrollment features for 401(k) and 403(b) plans work. However, setting the auto enrollment % too low could be doing more harm than good for your employees. According to Shlomo Benartzi in this article, “We looked at more than 8,500 workers across hundreds of retirement plans, and found that employees who chose a “personalized” rate of savings saved more on average—7.8%—compared with those who accepted auto-savings default rate—3.4%.” #financialwellness #employeebenefits #401k #403b

Unlock your retirement potential with smart 401(k) strategies! Boost your contributions today and watch your future grow. #RetirementPlanning #401k #InvestSmart #FinancialFreedom #WealthBuilding https://lnkd.in/gENsY_Z5

One partner invests in a 401(k) while the other misses employer matches. This mistake is common among 24% of married couples, costing nearly $700 yearly. Double-check your retirement strategy to avoid leaving money on the table, whether you’re a new employee or close to retirement. Here’s how: https://bit.ly/4evm6Vr #RetirementSavings #FinancialPlanning #401k

With more states requiring employers to offer workplace retirement plans, small-asset 401(k) plans are a fast-growing market. Find out how financial advisors are using small plans to grow their book of business and stay ahead of competitors. https://bit.ly/42HhhmL #FinancialAdvisors #SmallPlans #Webinar

“We no longer have jobs for life. As such, we need to develop retirement accounts that fit the way we work and live today. The current system is centered on 401(k) accounts, which were established under a 1978 law. The 401(k) was designed as a supplemental retirement plan for employees who often had a pension that provided for lifetime income in retirement. Almost 50 years later, at least two critical things have changed. First, pensions are virtually gone—just 11% of private-sector workers are now covered by one—which means that the 401(k) has become the primary retirement savings vehicle for Americans. Second, it has become much less common for workers to stay with a single employer throughout their careers. In fact, the typical American holds nearly 13 different jobs before retirement, according to the Bureau of Labor Statistics”. (Source: WSJ)

Unlock your retirement potential with smart 401(k) strategies! Boost your contributions today and watch your future grow. #RetirementPlanning #401k #InvestSmart #FinancialFreedom #WealthBuilding ???????? https://lnkd.in/gFD2u75y

401(k) / 403(b) and Retirement Plan Limits for the Tax Year 2025 On November 1, 2024, the Internal Revenue Service announced that the amount individuals can contribute to their 401(k) and 403(b) plans in 2025 has increased to $23,500 up from $23,000 for 2024. ? Highlights of Changes for 2025 The contribution limit for employees who participate in 401(k)/403(b) plans is $23,500. The catch-up contribution limit for employees aged 50 and over who participate in 401(k)/403(b) plans is $7,500. Effective January 1, 2025, individuals between 60 and 63 years of age (i.e., any employee who will attain age 60, 61, 62 or 63 at any time during 2025) will be allowed to make a catch-up contribution in the amount of $11,250. Read More: https://lnkd.in/e-Qz4um6

Retirement Rule Changes Washington State Employees Need To Know. (Secure Act 2.0) Visit WATRSPERS.com for more free resources to support your journey as a Washington state employee