Weekly Market Update
Stocks were mixed last week as fresh economic data points and election-related uncertainty slowed market momentum.
October 28, 2024
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AREAS OF EXPERTISE
Employee Benefits
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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Employee Benefits
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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Weekly Market Update
Stocks posted modest gains last week, with quarterly earnings season in full swing and the election on the horizon.
October 21, 2024
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Wealth Services
Avoiding Self-Sabotage in Investing
Discover how emotions like fear, greed, and overconfidence can impact your investment decisions and learn ways to overcome them.
October 17, 2024
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Weekly Market Update
Stocks advanced last week despite mixed inflation data, lurching oil prices, and lingering anxiety about the Middle East.
October 15, 2024
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IRS Issues Guidance on Student Loan Matching
Thirty percent of adults in the U.S. report having received a student loan to further their education. According to the Federal Reserve, the median student loan debt for those with outstanding balances in 2023 ranged between $20,000 and $25,000. To help ease this financial burden, employers are increasingly offering a match toward student loan repayments as an employee benefit to help alleviate the financial strain. This trend also highlights the increasing focus on addressing student debt within the framework of overall financial wellness initiatives.
October 14, 2024
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Wealth Services
Job Transition? Here’s What You Can Do with Your 401(k)
Have you changed jobs recently? Discover four key options for managing your 401(k) that may impact your long-term financial goals.
October 9, 2024
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Helping Employees Avoid Retirement Healthcare Sticker Shock
Housing? Check. Life insurance? Check. Dining out? Check. For most retirees, these types of line items are fairly predictable and factored into their monthly budget. But when it comes to healthcare, the situation can change dramatically. These expenses are often unpredictable and underestimated — and this wild card can disrupt an otherwise carefully planned retirement, leaving many seniors vulnerable.
October 8, 2024
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