Concluding the month of February, here is your Retirement Times update! This edition covers key topics shaping retirement planning: ? Maximize Your Employer Match: A quarter of workers leave free money on the table by not contributing enough to get their full employer match. Behavioral tendencies like present bias, anchoring, and loss aversion play a role—learn strategies to overcome them. ? Crypto in 401(k)s – Risk vs. Reward: A GAO report highlights the volatility, oversight challenges, and fiduciary concerns of including cryptocurrency in retirement plans. Plan sponsors should approach with caution. ? PBGC Premium Deadline Changes: Starting in 2025, pension plan premium payments must be made one month earlier due to regulatory updates. Stay ahead of these deadlines to avoid compliance issues. ? New IRS Filing Update: Plan sponsors can now electronically file Form 5558 to request an extension for Form 5500, simplifying the process. ?? Stay informed and proactive in your retirement planning! Read the full Retirement Times for more insights. ?? Learn more about our 401(k) solutions: https://lnkd.in/eVjGxdT5
