Posts Tagged ‘retirement savings plan’

The IRS raised 401(k) contribution limits for 2020.

401(k) Contribution Limits Increase for 2020

The Internal Revenue Service (IRS) released guidance on cost-of-living adjustments affecting contributions to 401(k) plans and other retirement-related items for 2020 because the increase in the cost-of-living index met the statutory thresholds, triggering their adjustment. However, one key limit remains unchanged. The elective deferral (contribution) limit for employees who participate in 401(k) and 403(b) plans increased […]

19 Nov 19 - Benefits - Katie Culliton - No CommentsRead More »

State-Run Retirement Savings Plan OK’d, Mandatory Enrollment Coming in 2020

California employers that don’t already offer a workplace retirement savings vehicle will be required to either begin offering one via private market or provide their employees access to CalSavers, a state-run retirement savings plan, as early as June 2020. The CalSavers pilot program is open for employers to enroll; however, mandatory enrollment and contributions don’t […]

6 Dec 18 - Benefits - HRWatchdog - No CommentsRead More »