WASHINGTON — The Internal Revenue Service announced that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024. The IRS today also issued technical guidance regarding all cost‑of‑living adjustments...
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What’s the Safe Harbor Deadline to Maximize Employer Retirement Benefits for 401(k) Plan?
The clock is ticking for small businesses considering a Safe Harbor 401(k) plan. But there’s still time to start in 2024. If you’re considering enhancing your company’s retirement benefits, a Safe Harbor 401(k) plan is an excellent option. These plans offer a range of...
Why Do Employers Offer 401(k) Loans?
In recent years, more employers have been incorporating 401(k) loans as a feature in their retirement plans. This article delves into the reasons behind this growing trend and explores the benefits it brings to both businesses and their employees. Why Offer 401(k)...