Category: Contributions

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Your Turn to Ask

October 2024

We offer a cash match to employees in our local 457 plan. Are Hybrid Retirement Plan members eligible to participate?

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Use Your Hybrid 401(a) Forfeiture Balance This Fall

September 2024

Employers can use their forfeiture account balance to offset year-end contributions for the Hybrid 401(a) Cash Match Plan.

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Four Tools to Help Employees ‘Save the Raise’ This Summer

July 2024

Many employees will see a bump in pay this summer. Saving part of their raises now can mean having more cash in retirement.

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June 17 Is the Next Deadline for Voluntary Contribution Changes

June 2024

Encourage employees to save to the match by maxing out their voluntary contributions.

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Ready for Hybrid Rate Separation? Take These Steps Now

December 2023

Now is the time to update payroll systems, budget for defined contribution payments and address reconciliation issues.

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Key Steps to Prepare for Hybrid Plan Rate Separation

November 2023

Act now to make sure your budgeting, payroll and reporting processes are ready for rate separation.

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Important Reminder: Correction Policies Revised for Some Defined Contribution Plans

October 2023

Avoid errors and ensure your payroll procedures follow IRS requirements.

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Correction Policies Changing for Some Defined Contribution Plans

September 2023

Accurate employer reporting is essential to ensuring contributions are invested timely and according to IRS requirements.

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Update: Age-Based Catchup Contributions Cleared for 2024

September 2023

IRS provides more time for plan sponsors to implement change in how 50+ Catch-Up contributions are processed.