Retirement Plan Services
Increasing 401(k) Balances Can Bring Increased Risk
By the second quarter of this year, the number of “401(k) millionaires” rose 2.5% from Q1, marking a record high according to Fidelity.
November 14, 2024
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AREAS OF EXPERTISE
Wealth Services
Weekly Market Update
Stocks surged higher last week, fueled by the Fed’s rate cut decision and post-election enthusiasm as investors looked to future policy impacts of a Republican-controlled Senate and executive branch. (The House of Representatives remains undecided.)
November 12, 2024
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Wealth Services
Monthly Market and Economic Update - October 2024
Read about the latest insights on the market and economy from our Director of Investments, Bob Janson.
November 7, 2024
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Webinar Preview: ‘When Captive Insurance Makes Sense’
As healthcare costs — including those for pharmacy — have continued to skyrocket, the urgency to control healthcare and pharmacy spend has elevated as well, and Captives have surged in popularity. Alera Group's webinar on Captive Insurance will help you determine whether forming or joining a Captive is right for you.
November 7, 2024
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Retirement Plan Services
IRS Limits on Retirement Benefits and Compensation
Stay informed with Alera Group’s 2025 IRS Retirement Contribution Limits Guide. This insight offers a clear overview of the updated limits for 401(k), IRA, and other essential retirement plans, helping individuals and employers make informed decisions and optimize retirement contributions for the year ahead.
November 5, 2024
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Stocks slid last week as mixed economic data and strong-but-not-spectacular Q3 corporate reports failed to inspire investors.
November 4, 2024
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Stocks were mixed last week as fresh economic data points and election-related uncertainty slowed market momentum.
October 28, 2024
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Are You Prepared to Comply With the New Mental Health Parity Final Rule in 2025?
On September 9, 2024, the DOL, IRS and HHS released a final rule for the Requirements Related to the Mental Health Parity and Addiction Equity Act (MHPAEA Final Rule). The MHPAEA Final Rule is similar to the proposed rule released on July 25, 2023, with some marked differences. While the MHPAEA Final Rule is effective as of November 22, 2024, the requirements become enforceable at different times. Most apply to plan years beginning on or after January 1, 2025, with other requirements becoming enforceable for plan years beginning on or after January 1, 2026.
October 25, 2024
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Legal Alert: IRS Adjusts Health Flexible Spending Account and Other Benefit Limits for 2025
On October 22, 2024, the Internal Revenue Service (IRS) released Revenue Procedure 2024-40, which increases the health flexible spending account (FSA) salary reduction contribution limit to $3,300 for plan years beginning in 2025, an increase of $100 from 2024.
October 23, 2024
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