Fall 2024 – Benefit Insights Newsletter

Fall 2024 – Benefit Insights Newsletter Cost of Living Adjustments for 2025 are here! On November 1, 2024, the IRS announced the Cost of Living Adjustments (COLAs) affecting the dollar limitations for retirement plans for 2025. In October, the Social Security Administration announced a modest benefit increase of 2.5%. Retirement plan limits also increased over…

Summer 2024 – Benefit Insights Newsletter

Summer 2024 – Benefit Insights Newsletter Effective Communication with ParticipantsParticipant Notices: A Quick OverviewMastering the Act of Distributing Participant NoticesPlan Ahead for 2025 Long-Term Part-Time (LTPT) EmployeesUpcoming Compliance Deadlines for Calendar-Year Plans Effective Communication with Participants A recent survey found that 59% of workers thought that they were contributing to their 401(k) plan and saving…