As you may recall, in addition to the numerous states Ice Miller represents for employee benefit matters, we also represent the Miller United Pension System in the fifty-first state of Iceville. The ...

Wealth Enhancement reports the IRS has raised 401(k) contribution limits to $24,500 and IRA limits to $7,500 in 2026, ...

Health savings accounts (HSAs) are a tax-advantaged way to save for medical expenses. Employer contributions to a health savings account are often part of this benefits package, which helps employees ...

Picking the right retirement savings plan and maximizing retirement savings can be a complex landscape to navigate, but it’s key to staying fiscally fit in the twilight years. Retirement planning is ...

Imagine staring at your monthly budget, only to be confronted by the inevitable rise in healthcare costs. The ongoing dilemma of choosing between everyday gas and groceries and safeguarding your ...

Many employers sponsor Section 401(k) Plans to help employees save for retirement by allowing them to contribute a portion of their pay into the Plan. Each year, the Internal Revenue Service announces ...

Forbes contributors publish independent expert analyses and insights. If you are a business owner who wants to maximize your tax savings on your 2024 income, check out the Solo 401(k) and the related ...

A Savings Incentive Match Plan for Employees (SIMPLE) IRA is a retirement plan specifically designed for self-employed individuals and small businesses with 100 employees or fewer. It's a more ...

Learn about FICA, the U.S. payroll tax funding Social Security and Medicare, who pays it, rates, and limits. Essential info ...

Key Takeaways Only 14% of participants max out their defined contribution retirement plans (such as 401(k)s), a Vanguard study shows.High-income earners are more likely to max out their 401(k)s, but ...

Benefits, requirements, and process of a popular type of 401(k) retirement savings plan for small businesses Christopher A. Farrell is a bestselling author, and former Wall Street trader and market ...

The number of employees contributing to their 403(b) plans hit a record high last year, according to a survey released by the Plan Sponsor Council of America on Dec. 20. In 2022, nearly 80% (79.9%) of ...