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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. In this article, we’ll look at some of the key benefits 401(k)s provide to both employees and employers, as well as some important practical considerations. To allow employees to supplement their future retirement income.

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How COBRA Intersects with Medicare and Retiree Health Plans

HR Daily Advisor

Today, we’re going to look at Medicare entitlement in the context of retiree health plans—as well as what happens to participants in your retiree plan if you decide to eliminate this coverage. Active employee George retires. But the employer amends the plan to eliminate coverage for retired employees effective January 1, 2017.

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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. Here, we’ll look at some of the rules for hardship withdrawals, courtesy of The 401(k) Handbook. . Before joining CER in 2005, Ms. from Williams College.

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

HR Daily Advisor

Going forward, you would then look at the number of hours worked in the new measurement period to determine whether the employee has the requisite number of hours to qualify as full-time under the ACA for that measurement period. We have an employee who retired on August 31, 2016. Before joining CER in 2005, Ms. Question #3.

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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. Carsen was a Legal Editor at CCH, Inc. from Williams College. The post U.S.

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

HR Daily Advisor

Under proposed regulations issued by the IRS in 2007, which remain in effect, any taxable benefits offered under a cafeteria plan must be treated as being purchased by the employee with after-tax contributions equal to the benefit’s full value at the time it is received by the employee. Before joining CER in 2005, Ms.

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

HR Daily Advisor

Today we’ll look at the rules in some detail, with thanks to contributing attorney editor Vicki Nielsen of Ogletree Deakins. Before joining CER in 2005, Ms. Carsen was a Legal Editor at CCH, Inc. and practiced in the Labor & Employment Department at Sidley & Austin, LLP in Chicago. from Williams College.