U.S. Department of Labor’s Post

We're closing out #FinancialCapabilityMonth with a blog from our Employee Benefits Security Administration - giving you the keys 🔑 to take action and secure your financial future: https://lnkd.in/e6wDuWaM

How will the US Department of Labor’s new proposed changes to ERISA regulations impact advice and recommendations made to retirement investors? Our team analyzes the new proposed rule changes below. #ERISA #InvestmentAdvice #fiduciary

🔍 Navigating Pension Auto-Enrolment: Why Expert Advice is Essential Attention Business Owners & Finance Directors, As the deadline for pension auto-enrolment draws nearer, businesses must ensure compliance and make informed decisions. Given the complexities surrounding regulations and obligations, seeking expert advice becomes paramount. ✅ Why Seek Advice? Compliance Assurance: Stay ahead of regulatory changes and avoid penalties by ensuring your pension scheme meets auto-enrolment requirements. Cost-Efficiency: Expert guidance can help optimise your pension scheme, ensuring it's cost-effective for your business and attractive to employees. Risk Mitigation: Proactively address potential risks and liabilities associated with pension provision, safeguarding your business's financial health. Employee Engagement: A well-structured pension scheme enhances employee satisfaction and retention, contributing to a positive workplace culture. Strategic Planning: Tailored advice empowers you to integrate pension provisions seamlessly into your broader financial strategy, maximising long-term benefits. 🤝 Why Choose Elevate Financial Planning? Specialised Expertise: Our team boasts extensive experience in pension auto-enrolment and is equipped to navigate complexities and provide tailored solutions. Personalised Approach: We understand that every business is unique. Our consultative approach ensures solutions are customised to your specific needs and goals. Comprehensive Support: From initial assessment to ongoing management, we provide end-to-end support, simplifying your pension auto-enrolment process. Proven Track Record: Trusted by businesses across sectors, we have a proven track record of delivering results and exceeding client expectations. Don't navigate the complexities of pension auto-enrolment alone. Reach out to Elevate Financial Planning today for expert guidance and ensure a seamless transition. www.elevatefinancial.ie Let's navigate this together and secure your business and employees a prosperous future. #PensionAutoEnrolment #BusinessFinance #ExpertAdvice #Compliance

Discover the changing landscape of employee financial benefits and the impact of legislative shifts on enhancing financial security!     Our latest article explores the new opportunities employers have to enhance employee financial wellness through the flexibility provided by the recent SECURE 2.0 legislative changes. Dive into the details here! https://lnkd.in/gMB6s5Qj

Having the right benefits in retirement is crucial for a secure future. The Employee Benefit Research Institute (EBRI), a nonprofit organization that researches health, savings, and retirement, has released a new report. The report provides valuable insights on retirement benefits and can be accessed through the EBRI website. For anyone looking to stay informed on retirement benefits, this is an excellent resource. Check it out here: https://lnkd.in/ed8wVSnY

As part of EisnerAmper's commitment to client awareness, this alert shares recent changes impacting employee benefit plans. On November 1, the Internal Revenue Service announced updated dollar limitations for defined contribution and defined benefit plans for the tax year 2024. Stay informed with the key changes from 2023 in this guide: https://okt.to/LUcRdC #IRSAlert #EmployeeBenefits #TaxYear2024

Did you know that Retirement Plans have tax forms that need to be completed?

Another body of research confirms that the majority fall short in their planning. The question is also whether employers are ready to engage honestly with employees about the levels of savings required. Provide the tools to let employees understand and plan and they will be more loyal & productive.

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As part of EisnerAmper's commitment to client awareness, this alert shares recent changes impacting employee benefit plans. On November 1, the Internal Revenue Service announced updated dollar limitations for defined contribution and defined benefit plans for the tax year 2024. Stay informed with the key changes from 2023 in this guide: https://okt.to/adrfhX #IRSAlert #EmployeeBenefits #TaxYear2024 #eisneramper #retirementplanning