The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 have paved the way for part-time employees to gain access to their employer’s 401(k) plan. These employees, known as long-term part-time (LTPT) workers, have worked at least 500 hours in three consecutive years. As a result, the SECURE Act amended the rules for 401(k) plans to make […]
The Secure Act makes more part time workers eligible to participate in 401(k) plans. However, many employees may not be able to take advantage of this provision until 2024. In general, under the new law, long-term part-time (LTPT) employees will be credited with all years of service that they worked 500 or more hours. This […]
Having a quality employee that does good work and whom you can trust is an important asset and benefit for any business. Due to this, finding ways to keep quality employees, or get them to come back to work, can be advantageous. In some cases, you may want to rehire an employee that has retired. […]
Retirement is the ultimate goal of many people, but only some understand what’s required to stay on the right track. Even the most basic 401(k) plan can have requirements to meet to avoid late fees and even having to put off retirement dates. Keep reading to see if you have deadlines to meet in 2023 with […]
Retirement is something that all of us look forward to. For those that have a 401(k) plan, you may be familiar with a 401(k) Fiduciary. Knowing what this important professional does can help you determine if you need one or not. What does a 401(k) Fiduciary Do? A 401(k) fiduciary is someone that works to […]
