Category: Contributions 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. 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. Important Reminder: Correction Policies Revised for Some Defined Contribution Plans October 2023 Avoid errors and ensure your payroll procedures follow IRS requirements. 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. 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. Secure 2.0: VRS To Pause 457 Age-Based Catchup Contributions August 2023 VRS will temporarily pause the 50+ Catch-Up provision for all participants in the Commonwealth of Virginia 457 Plan in 2024. How to Boost Retirement Income? Encourage Employees to Save the Raise July 2023 Many employees will see a bump in pay this summer. Saving part of their raises now can mean having more cash in retirement. New Resource Will Help You Navigate Changes to Hybrid Plan Administration July 2023 A new resource will walk you through changes in how employer contributions will be calculated and paid for the hybrid plan. Prepare for Important Changes in Hybrid Plan Administration June 2023 VRS will simplify how employer contributions are calculated and paid for the Hybrid Retirement Plan. 1 2 3 4 > >>