SECURE Act 2.0, passed by Congress in December 2022, includes mandatory and optional changes to qualified retirement plans. SECURE is an acronym for Setting Every Community Up for Retirement Enhancement, and it builds upon SECURE 1.0, passed in 2019. As explained in this previous Employers...
Federal s tudent l oan payments are ramping up again , resuming in October 2023 after a three -year interest -free pause due to the COVID-19 p andemic. Debt is stressful, and about half of students who borrowed money to attend school are still paying off loans...
Many Colorado employers that do not otherwise sponsor a qualified retirement or savings plan for employees have commenced participation in the new Colorado Secure Savings Program (CSSP) , which launched in January 2023 . This article outlines some key issues...
A recent report found that many public-sector employees do not feel financially secure , despite generally having a wider array of benefits and more money saved for retirement than workers in the private sector. The report, Examining the Financial Wellbeing of the U...
Employers Council is collecting data for the annual Health, Welfare, and Retirement Plans Survey . The online questionnaire invitation for the survey has been sent to organizations via email with their unique surveys link. The survey will provide data for topics such as ...
As part of the Consolidated Appropriations Act of 2023, Congress passed the SECURE Act 2.0 in December 2022. SECURE is an acronym for Setting Every Community Up for Retirement Enhancement, and it builds upon SECURE 1.0, passed in 2019. The goal of the Act is to take steps toward addressing the...
Regulations related to the Affordable Care Act (ACA) are still being finalized. On December 12, 2022, the U.S. Department of Treasury, along with the Internal Revenue Service (IRS), issued final regulations making permanent the 30-day extension for furnishing Forms 1095-B and 1095-C to...
On October 21, 2022, the Internal Revenue Service (IRS) published the 2023 retirement plan limits . In some cases, there are significant changes from 2022. Employers should take this opportunity to encourage employees to review their contributions. For comparison, here are some...
The 2022 Health, Welfare & Retirement Plans Survey includes responses from 536 participants across Arizona, Colorado, Utah, and Wyoming. The respondents represent a cross-section of industries and employment sizes. The survey includes data on health and dental coverage, life insurance,...
Have you heard that some businesses are already participating in the Colorado SecureSavings Program? Signed into law on July 21, 2020, the program requires businesses with at least five employees to provide access to individual retirement accounts funded by automatic payroll deductions....
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