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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. Today, they are one of the most popular and widespread employee benefits. designer491 / iStock / Getty Images Plus. designer491 / iStock / Getty Images Plus. Additionally, the earnings on those amounts are tax-deferred. History of 401(k)s.

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How COBRA Intersects with Medicare and Retiree Health Plans

HR Daily Advisor

Furthermore, the Medicare statutory rules allow employer-sponsored group health plans to reduce or terminate coverage if retired employees become entitled to Medicare. In a recent article , I talked a bit about the complicated intersection of Medicare and The Consolidated Omnibus Budget Reconciliation Act (COBRA), with assistance from Paul M.

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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. For employers, it increases the adminis­trative burden of operating the plan; for employees, making preretirement withdrawals can sig­nificantly drain retirement savings.

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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. Church plans, however, are exempt from those requirements. designer491 / iStock / Getty Images Plus.

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

HR Daily Advisor

By Jennifer Carsen, JD, Senior Legal Editor. Earlier this year, we ran an article on managing employee status changes under the Affordable Care Act (ACA). I invited follow-up questions, and you delivered! Here are a few more tricky ACA status change situations (and answers) for you. Assuming, of course, she remains a full time employee.).

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

HR Daily Advisor

By definition, cafeteria plans allow employees to choose between cash and a variety of employer-provided benefits without having to include the value of their chosen benefits as taxable income. Cafeteria plans are popular because they allow employees to design individualized benefits programs that suit their own special needs.

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

HR Daily Advisor

All of these situations are governed by the Internal Revenue Service’s (IRS) rules on de minimis fringe benefits. mediaphotos / E+ / Getty Images. “De De minimis” is one of those Latin phrases that lawyers love to throw around without ever explaining what it means. De Minimis = Too Small to Matter. How Often Is Too Often?