NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
The limit on contributions by employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan remains unchanged at $19,500 for 2021, the IRS announced this week. The catch-up contribution limit for employees aged 50 and over who participate in these plans remains unchanged at $6,500, the IRS said. The […]
WASHINGTON, DC – The U.S. Department of Labor today announced a rule to help strengthen retirement security for millions of small business employees across America. The rule makes it easier for small businesses to offer retirement savings plans to their workers through Association Retirement Plans (ARPs), which would allow small businesses to band together to offer retirement […]
One company’s innovative idea to help its employees cope with the problem of high student loan debt has received the go-ahead from the IRS in a private-ruling letter that federal officials recently made public. The IRS is allowing the employer to amend its 401(k) plan to allow the company to contribute to the retirement accounts […]
How do 401(k)s work? Where should I invest? What is employer matching? For many people, retirement planning looks like a maze. Signing up for a plan can be complicated and you might feel uncertain about where your money is going. Constance Brinkley-Badgett from Credit.com answers some of the most common questions about 401(k)s. Learn what […]
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New Jersey Business & Industry Association
10 West Lafayette Street Trenton, NJ 08608-2002
Tel: 609-393-7707
