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...
401K
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)...