Tag: Retirement Plan

Is There Harm In Asking? Questioning Employees About Their Plans to Retire

Retirement decisions cannot be divorced from a person’s age. When asking questions about retirement, employers should be cognizant of age discrimination laws and the implications of making such inquiries.  Applicable laws Age discrimination is governed by both federal law and the laws in most states. The federal Age Discrimination in Employment Act (ADEA) applies to […]

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Retirement Plan Advice—What Every Plan Sponsor Should Know

By Larry Karle, Longfellow Benefits While the market crash of 2008 is in the rearview mirror for many participants and plan sponsors alike, the bitter taste that was left due to many people suffering significant hits to the values of their retirement savings and their 401(k) balances remains to this day. In some instances, participants […]

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What Employers Need to Know When Employees Seek Loans, Withdrawals from Retirement Plans

by Douglas R. Chamberlain When facing financial difficulties, employees often look to their retirement plans as a possible source of needed funds. Many plans offer participant loans or permanent withdrawals, the latter generally on a hardship basis. However, plan loans and withdrawals can jeopardize the employee’s retirement benefits, and both are subject to complex rules […]

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Looking at the Basics of a 401(k) Plan

by Gary Jiles Q. How do I go about starting a 401(k) plan for my employees, and what are some of the general requirements? Keep up with the latest changes in laws regarding employee benefits with the Benefits and Compensation Law Alert. A. Choosing to offer a 401(k) retirement savings plan for your employees is […]

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