Key Changes for Employers Related to the SECURE Act
The topics on everyone’s mind these days seem to be the coronavirus pandemic and the various related acts that were put into place to provide relief to business operations; however, there is another act that should be kept in mind right now. The Setting Every...
Families First Coronavirus Response Act and Retirement Plans
The Families First Coronavirus Response Act (FFCRA) requires certain employers to provide employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. The paid sick leave and expanded family and medical leave...
The CARES Act’s Impact on Employee Benefit Plans
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed and became immediately effective. What does this mean for employee benefit plans? The major changes are summarized here. The CARES Act created an option for qualified...
Benefit with a Twist: The Roth 401(k)
Most everyone has heard of a 401(k) plan, and a sizable number of adults likely have at least a passing familiarity with the Roth IRA. What remains less well known among job candidates and employees is the Roth 401(k) plan. This retirement benefit with a twist might...