The Internal Revenue Service announced cost-of-living adjustments in 2022 to dollar limits for qualifying pension plans and other benefits, and the Social Security Administration announced its own cost-of-living adjustments for 2022. Most dollar limits, including the optional deferral contribution limit for the 401 (k), 403 (b) and 457 (b) plans,Read More →
New set of target dates supports growing demand for active equity management from advisors and builds on the success of the MyCompass Index, which has reached over $ 2 billion in plan assets since 2019 Voya Financial, Inc. (NYSE: VOYA), today announced the launch of MyCompass American Funds, the latestRead More →
TThe IRS has announced contribution and benefit limits for qualified pension plans for 2022. Contribution limit for employees participating in 401 (k), 403 (b) and most 457 plans, as well as the federal government savings plan will increase to $ 20,500, from 19,500 $ in 2021. The catch-up contribution limitRead More →
Today, the IRS announced in Notice 2021-61 cost of living adjustments affecting dollar limits for pension plans and other retirement-related items for tax year 2022 under the Internal Revenue Code. Almost all of the limits have increased this year, reflecting changes in the Consumer Price Index for All Urban ConsumersRead More →
More employees will have access to retirement savings through Betterment’s 401 (k) plans, thanks to the rapid growth the online wealth advisor has seen in this part of their business. The company’s 401 (k) business, Betterment for Business, saw a 370% increase in retirement plan adoption year over year. InRead More →
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but this does not affect the opinions or ratings of our editors. Next year you can pocket an additional $ 1,000 in your 401 (k). Annual individual contribution limits for the 401 (k)Read More →
INDIANAPOLIS, November 2, 2021 / PRNewswire / – OneAmerica® today unveiled OneConnectSM, a pension plan solution that facilitates administration and retains the independence of companies seeking to grow through a mutualized or multi-employer approach. OneConnect offers flexible plan design and simplified fiduciary oversight. OneConnect by OneAmerica offers many of theRead More →
Abstract Our Benefits and Executive Compensation group reminds plan sponsors to prepare for the IRS 2021 year-end changes and offers year-end measures. Qualified modifications Changes under the SECURE Act, CARES Act and hardship regulations Considerations for Safe Haven Plans This notice reminds sponsors of eligible pension plans of the upcomingRead More →
CCJ Innovators profiles the carriers and fleets that have found innovative ways to overcome the challenges of trucking. If you know of a carrier that’s been innovative, contact CCJ Editor-in-Chief Jason Cannon at jasoncannon@randallreilly.com or 800-633-5953. Income is on the rise. Driver wages are on the rise. Prices are onRead More →
CHICAGO, Oct.28, 2021 / PRNewswire / – HUB International Limited (Hub), one of the world’s leading full-service insurance and financial services brokerage firms, announced that it has won the Multiple Employer Plan (MEP) contract for the National Association’s Pension Plan of Manufacturers (NAM) for its more than 14,400 member companies.Read More →