Retirement

What’s the new retirement plan designed for small New York employers?

09/23/2019

Q. We are a small employer and don’t have a retirement savings plan. An employee just asked us about what he described as a new retirement plan that won’t cost us anything. What’s that all about?

Owners must pay millions to restore retirement plan

08/27/2019

Two former owners of a media company will pay $7.8 million to settle federal charges that highly speculative investments cost their employees’ pension fund tens of millions of dollars.

Association retirement plans coming to small businesses

08/23/2019

Small businesses will soon be able to offer retirement savings plans to their workers through association retirement plans under a final Department of Labor rule that will take effect Sept. 30.

SECURE Act retirement legislation stalls in Senate

08/06/2019

A bill that would make it easier for more employers to set up 401(k) retirement plans for their employees, which easily passed the House of Representatives in May, is languishing in the Senate.

Small businesses can soon offer association retirement plans

07/30/2019

According to a DOL statement, the rule enables small businesses to offer benefit packages comparable to those offered by large employers.

Traditional pensions have virtually disappeared

06/11/2019

Only 11% of private-sector workers participate in a traditional defined-benefit pension plan, according to new data from the Employee Benefit Research Institute.

Bill would enable more to offer 401(k) plans

05/29/2019

The House of Representatives took a significant step on May 23 toward making it easier for more employers to set up 401(k) retirement plans for their employees.

Benefits cost big bucks for Uncle Sam

04/09/2019

The tax-favored status of employer-provided health and retirement benefits costs the federal government far more than the biggest personal income-tax deduction.

Found errors in retirement accounts? By all means, go ahead and fix them

04/02/2019

Small employers don’t always get everything right when dealing with the complex rules governing employee retirement accounts. Making an honest mistake and then fixing it generally doesn’t violate the law.

Economy recovered, but retirement savings didn’t

01/22/2019

The retirement savings levels of working-age Americans remain deeply inadequate despite the economic recovery, according to a study by the nonprofit National Institute on Retirement Security.