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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. This option of receiving money as either part of one’s compensation—as cash, in other words—or as deferred income, is the essence of the term “cash or deferred arrangement” (CODA). designer491 / iStock / Getty Images Plus.

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Want Insanely Low 401(k) Fees? Follow These 6 Steps

ForUsAll

Taken as a percentage of the assets, over time, they can add up to a HUGE chunk of change that can take years off of your or your employees' retirements. A 2% fee doesn’t sound like daylight robbery, but over 35 years, that little fee can consume up to half of your retirement earnings. Of course, easier said than done.

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Succession Planning: Essential Guide for HR

Analytics in HR

Employees get promoted, move companies, and retire every day. The succession planning model depicted below is an adaptation of Groves (2005) , who proposed an integrated leadership development and succession planning model. Whenever someone occupying a critical role quits or retires, you should make a succession decision.

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10 Questions You Should Ask Your Retirement Plan Provider

Insperity

If only finding a retirement plan to offer your employees were as easy as retiring itself. From Simplified Employee Pension plans to 401(k)s to defined benefit plans, retirement plans come in many forms. A provider that caters to large businesses may only offer big business retirement plans. What’s it going to cost?

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Succession Planning: A Full Guide

Analytics in HR

This succession planning model is an adaptation from Groves (2005) , who proposed an integrated leadership development and succession planning model. Employees with mentors perform better, are promoted quicker, compensated better, have more organizational commitment, personal learning, job satisfaction, and reduced turnover intentions.

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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. highly compensated employees), and confirm that each request is unique. Before joining CER in 2005, Ms. Carsen was a Legal Editor at CCH, Inc.

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

HR Daily Advisor

In addition, highly compensated participants lose the Section 125 protection from taxation if the cafeteria plan fails certain nondiscrimination tests. This prohibition on benefits that defer the receipt of compensation is a long-standing requirement of Section 125. Any other benefit that does not defer the receipt of compensation.