401k Advisors & Employee Benefit News
Benefit News by San Francisco 401(k) Advisors
The Profit Sharing/401k Council of America (PSCA) said its eligibility “mini survey”, which covered 427 profit sharing and 401k plans, found 69% of 401k plans allow workers to start saving their own money within three months of being hired. The PSCA said fast eligibility for deferrals is even greater in large companies with 1,000 or more employees, [...]
An additional provision within the Pension Protection Act of 2006 (PPA) is the new rollover option for non-spouse beneficiaries. Historically, if the beneficiary was the spouse they had certain options that were not available to other types of beneficiaries. The surviving spouse could rollover the account value into their own retirement plan, such as a 401k, [...]
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