A Supreme Court decision in April made it easier for plaintiffs to keep ERISA prohibited transaction claims in play longer, and just days later a rare ERISA trial resulted in a huge win for a class of 401(k) plan...more
6/12/2025
/ 401k ,
Benefit Plan Sponsors ,
Breach of Duty ,
Damages ,
Defined Contribution Plans ,
Duty of Loyalty ,
Duty of Prudence ,
Employee Retirement Income Security Act (ERISA) ,
Excessive Fees ,
Fiduciary Duty ,
Jury Awards ,
Jury Trial ,
Motion to Dismiss ,
Multiple Employer Plan (MEP) ,
Plan Participants ,
Prohibited Transactions ,
Retirement Plan ,
SCOTUS
Financial wellness programs are becoming one of the most in-demand employee benefits and are the focus of this year’s National Employee Benefits Day. Employers can use April 2 as a day to evaluate the effectiveness of their...more
Employers that sponsor 401(k) or 403(b) plans should be aware of eligibility and participation rules for their long-term, part-time (LTPT) employees. Historically, such plans could exclude employees who worked fewer than...more
2/1/2024
/ 401k ,
403(b) Plans ,
Benefit Plan Sponsors ,
Eligibility ,
Employee Benefits ,
Employer Contributions ,
Exempt-Employees ,
Former Employee ,
Part-Time Employees ,
Proposed Regulation ,
Retirement Plan ,
SECURE Act ,
Vesting
Get Ready For The New Year Ahead -
Employees can contribute more pre-tax dollars next year to their retirement savings accounts, including 401(k) and 403(b) plans, according to an IRS announcement made on November 1. Your...more
11/7/2023
/ 401k ,
403(b) Plans ,
Benefit Plan Sponsors ,
Best Practices ,
Contribution Limits ,
Employee Benefits ,
Health Savings Accounts ,
Income Taxes ,
IRS ,
Retirement Plan ,
Retirement Plan Providers ,
Tax Deferral
Most employers that operate health plans on a calendar-year basis kick-off open enrollment in November – which means you’re likely gearing up now for the annual influx of questions, benefit changes, and associated tasks....more