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401(k) 101: A Benefit for Employers and Employees Alike

HR Daily Advisor

Since 401(k) retirement savings plans first appeared in the early 1980s, they have grown rapidly. To allow employees to supplement their future retirement income. To provide a highly mobile work force with a suitable way to save for retirement. Today, they are one of the most popular and widespread employee benefits.

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10 Questions You Should Ask Your Retirement Plan Provider

Insperity

If only finding a retirement plan to offer your employees were as easy as retiring itself. From Simplified Employee Pension plans to 401(k)s to defined benefit plans, retirement plans come in many forms. A provider that caters to large businesses may only offer big business retirement plans. What’s it going to cost?

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How COBRA Intersects with Medicare and Retiree Health Plans

HR Daily Advisor

Furthermore, the Medicare statutory rules allow employer-sponsored group health plans to reduce or terminate coverage if retired employees become entitled to Medicare. Active employee George retires. But the employer amends the plan to eliminate coverage for retired employees effective January 1, 2017. So what happens?

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The Infantilization of the American Workforce

HR Examiner

Though one of the articles was based on an HBR article from 2005. Let’s engineer your 401K contribution forms so they default to the highest deposit level because behavioral economics tells us you’re not mature enough to choose the appropriate level to fund your retirement. Not zero – but in a google world, darn near it.

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401(k) Hardship Withdrawal Rules Explained

HR Daily Advisor

For employers, it increases the adminis­trative burden of operating the plan; for employees, making preretirement withdrawals can sig­nificantly drain retirement savings. Failure to substantiate compliance with the hardship requirements can result in a disqualifying plan distribution. Before joining CER in 2005, Ms.

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More on Managing Employee Status Changes Under the Affordable Care Act (ACA)

HR Daily Advisor

We have an employee who retired on August 31, 2016. 1H and 2C and then the dollar amount of the insurance premium the retired employee will pay? Jennifer Carsen, JD, is a Senior Legal Editor for BLR’s human resources and employment law publications, focusing on benefits compliance. Before joining CER in 2005, Ms.

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U.S. Supreme Court: ‘Church Plan’ Need Not Be Established by a Church to Qualify for ERISA Exemption

HR Daily Advisor

The Employee Retirement Income Security Act of 1974 (ERISA) generally requires private employers offering pension plans to adhere to a lengthy list of rules designed to ensure plan solvency and protect plan participants. Before joining CER in 2005, Ms. Church plans, however, are exempt from those requirements.