The new Retirement Plan Contribution Limits are official! The following limits are going up for 2023: Maximum contributions for 401(k), 403(b) and 457 increases to $22,500 The annual additions limit for defined contribution plans increases to $66,000 The annual compensation limit increases to $330,000 The Social Security Wage Base increases to $160,200 Review the full list of contribution limit changes below and share with your plan participants!
Learn what to expect when changing recordkeepers to avoid unpleasant surprises. Change can be exciting but is sometimes stressful. However, transitioning to a new 401(k) recordkeeper shouldn’t be a taxing experience. In this article, we’re going to talk step-by-step through the events that may take place and provide inside knowledge about what to expect, so there are few surprises for you. With our clients, we have found that when they are properly prepared for the events ahe
Credit is your financial reputation. It shows financial organizations how reliable you are when re-paying money or following through with terms of a contract. The quality of your credit can impact: Housing affordability Loan qualification Interest rates Credit card qualification Credit card limits Attaining good credit score shouldn’t intimidate anyone. Here are some helpful tips to build and repair credit for long lasting impact. Download the Guide WORCESTER
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A financial wellness program can be an extremely valuable benefit, learn how it can help employees reduce stress while improving workplace productivity Financial wellness programs are becoming an important benefit for companies of all sizes. In 2021, almost half (46%) of all employers offered financial wellness programs, up from 40% in 2020. Additionally, interest from the workforce had only increased as they assessed how their finances were impacted due to the COVID-19 pande