401(k)

A new report by Seyfarth Shaw identifies key trends employers should keep an eye on to prevent their own lawsuit.

Adding five years to working years will enable workers to replace their pre-retirement income by up to 90% instead of 60% in some cases,

More employers will stretch matching contributions, include HSA information in education sessions and incorporate behavioral economics/finance elements in plan design.

Annual contribution limits for 401(k) plans have been raised to $18,500 this year, with catch-up contribution limits capped at $6,000.

Plans sponsors can remove many of the barriers that prevent employees from taking full advantage of 401(k)s.

Beginning in February, the credit card giant will match 200% of an employee’s contributions to the company plan, up to 5% of the individual’s salary.

Beginning in February, the credit card giant will match 200% of an employee’s contributions to the company plan, up to 5% of the individual’s salary.

The law allows clients the ability to make tax-free withdrawals for elementary and secondary school expenses.

The benefits update is part of a $250 million investment initiative in the wake of the new tax reform bill.

Tax-free withdrawals could outweigh an employer's match if early withdrawals are made for expenses like healthcare.