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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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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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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? Before joining CER in 2005, Ms. Question #3. This person elected COBRA. What are the codes that we use? Carsen was a Legal Editor at CCH, Inc. from Williams College.

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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. Before joining CER in 2005, Ms. On the other hand, a hardship withdrawal provision has certain disadvantages. Carsen was a Legal Editor at CCH, Inc.

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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. from Williams College.

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Good (Nontaxable) Things Come in Small Packages: The De Minimis Fringe Benefit Rule

HR Daily Advisor

Thus, for example, if an employer provides occasional holiday gifts, retirement parties, or occasional tickets to sporting events only to high-paid employees, the value of these benefits can still be excludible from the employees’ gross income as de minimis fringe benefits. Before joining CER in 2005, Ms. from Williams College.

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An Introduction to Cafeteria Plans: Permitted Tax-Exempt and Taxable Benefits

HR Daily Advisor

In the past, she served as the managing editor of California Employer Resources (CER), BLR’s California-specific division, overseeing the content of CER’s print and online publications and coordinating live events and webinars for both BLR and CER. Before joining CER in 2005, Ms. Carsen was a Legal Editor at CCH, Inc.