By

Erin Books
Thanks to SECURE 2.0, many 401(k) plans will now be required to include automatic enrollment beginning on January 1, 2025. Therefore, it is important to know the requirements and exceptions to this new rule. Let’s take a look! Who is exempt? If the company is a new business in its first three years of existence,...
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SIMPLE IRA plans are a popular retirement plan type for small businesses. These plans are generally cheaper to implement with little administration for the employer. But, they also lack flexibility and limit contributions that can be made to the plan. As a result, we often see employers move from a SIMPLE IRA plan to a...
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Have you been here: a serious financial hardship has struck your family and you’re in desperate need of funds? Whether it’s a medical expense, avoiding eviction, a burial/funeral expense, or another extremely difficult situation, we have a little bit of good news. Getting a hardship distribution from your 401(k) to help in these times just...
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With all of life’s responsibilities, automation can sure help make things easier. Things like automatic bill pay, automatic vacuums (Roombas for the WIN), and automatic transmissions have definitely helped me! Another “automatic” with several perks has become more prevalent with recent legislation: automatic enrollment in retirement plans. SECURE 2.0 includes a new requirement that will...
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Unpacking the acronym and new retirement plan legislation “What we need are some more retirement plan acronyms” – said no one ever. BUT, they’re here to stay, because long-term part-time (LTPT) employees is a mouthful. So, why is this acronym popping up now and why are we talking about LTPT employees? The SECURE Act and...
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