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New COVID-19 Retirement Plan Disaster Benefits

ForUsAll

While we do not typically advocate for people to use their retirement savings to pay for daily expenses, we also understand that there is nothing “typical” about the current moment and strongly support the new options that plan participants now have available to them. Support self-certification. Who is eligible for the new options?

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New COVID-19 Retirement Plan Disaster Benefits

ForUsAll

While we do not typically advocate for people to use their retirement savings to pay for daily expenses, we also understand that there is nothing “typical” about the current moment and strongly support the new options that plan participants now have available to them. Support self-certification. Who is eligible for the new options?

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A Guide To The 4 Types of HR Analytics

Analytics in HR

A 2019 report noted how shoe retailer Clarks discovered that for every 1% improvement in employee engagement there was a 0.4% An uptick in activity surrounding retirement planning or medical and family leave policies can lead to staffing recommendations that will address departures and long-term absences. Predictive analytics.

Analytics 115
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IRS Updates Guidance on Rollover Safe Harbor Notices; VCP to Go Paperless In 2019

HR Daily Advisor

In Notice 2018-74 , the agency refreshed guidance on the safe harbor that employers may use to comply with retirement plan participant notice requirements in advance of rollover distributions under Section 402(f) of the federal tax code. The new changes taking VCP procedures electronic in 2019 supersede Rev.

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Everything employers need to know about SECURE 2.0 Act

Guideline

The Act creates more tax savings for employers and employees alike and expands access to a work-sponsored retirement program to many employees. And especially in states that require an employer-sponsored retirement plan, the Starter K could be a great private alternative to the potentially somewhat clunky State-IRA options.

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What you should know about the House’s new 401(k) legislation

Business Management Daily

Figuring that defined-contribution plans such as 401(k)s weren’t nearly secure as they should be after the passage of the Setting Every Community Up for Retirement Enhancement Act of 2019, Congress is taking another stab at it with the Securing a Strong Retirement Act of 2021 (H.R. 2954) or SECURE 2.0. 74 starting Jan.

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4 Reasons Employees Are Quitting Post-COVID-19

Best Money Moves

In 2018 and 2019, workers were already quitting jobs at record rates. Many employees now look in toward the future, anxious about contingency costs, or inevitables like long-term care and retirement. . Let’s unpack the leading causes, and list some steps you can take to stop your best talent from leaving.