TRI-AD

IRS Releases 2025 Cost-of-Living Adjustments https://lnkd.in/gm6zjJeq Hot off the presses: The 2025 COLAs are out from the IRS for #retirementplans. Check it out! #IRS #contributionLimits #benefits #hrmanagers

On October 22, 2024, the IRS issued the 2025 annual inflation adjustments for Flexible Spending Accounts and other tax advantaged accounts. #hrmanagers #fsa #pretaxplans #benefits #IRS

Start Saving Now: The earlier you begin saving, the more you can benefit from compound interest. Even small contributions can grow substantially over time! Understand Your Options: Familiarize yourself with retirement plans like our 401(k)s and IRA offerings. Knowing the differences can help you choose the best options for your situation. Set Clear Goals: Determine what you want your retirement to look like. This will help guide your saving and investment strategies. Review Your Plan Regularly: Life changes, and so should your retirement plan. Regular check-ins through your online portal can help you stay on track. https://lnkd.in/guCKm_Wn #401k #Savings #retirementplanning #retirement

🌟 October is also National Retirement Security Month! 🌟 Whether just starting your career or nearing retirement age, taking proactive steps now can make a significant difference later. TRI-AD offers robust personalized financial wellness tools to help each participant build a successful retirement. Our personalized, goal-based experience propels account holders toward financial independence. Managed accounts and guaranteed lifetime income solutions create the highly custom user experience that today’s participants expect. Take this month to prioritize retirement planning. https://lnkd.in/gUCcYKy6 #RetirementSecurityMonth #FinancialPlanning #InvestInYourFuture #RetirementReady #401k

October is #HSAawareness month. Participant education is a critical element for the best outcomes. We want to ensure our participants get the most value out of their benefits and that HSA accountholders understand the true value of their HSA and the great tax benefits. https://lnkd.in/gQZqdKV8 #HSA #CDH #FSA #TRIAD

September is FSA Awareness Month, and it’s a great opportunity to maximize your tax savings and boost your financial wellness! By using your Flexible Spending Account effectively, you can cover eligible medical expenses and even save on taxes, so make sure to review your FSA benefits and plan ahead. #FSA #TaxBenefits #FinancialWellness

Today, we celebrate an essential component of financial wellness—our 401(k) plans. 🔹 Why 401(k) Plans Matter: -Tax Advantages: Contributions are often tax-deductible, and growth is tax-deferred. -Employer Contributions: Many employers offer matching contributions, which is essentially free money towards your retirement. -Compound Growth: The power of compound interest can significantly increase your savings over time. 🔹 Take Action: -Review Your Plan: Check your current contributions and investment choices. -Increase Contributions: If possible, consider boosting your savings rate to maximize growth. -Understand Your Options: Learn about your plan’s features and how they can best serve your retirement goals. Make the most of National 401(k) Day by committing to a strong financial future. Reach out to TRI-AD if you have questions about optimizing your 401(k) strategy or want guidance on retirement planning. Here’s to building a secure and prosperous future! #National401kDay #RetirementPlanning #FinancialWellness #InvestInYourFuture #401k

Data protection is more important than ever. Take a few minutes to find out how you can protect yourself and your financial health. #triad #fraud #creditfreeze #dataprotection #security

Our dear friend, ERISA, is turning 50 this year! ERISA was signed into law on Labor Day, September 2, 1974, by President Gerald Ford. ERISA’s roots began in the early 1960s when the auto manufacturer Studebaker Corporation was unable to fulfill the pension benefits they promised their workers. In the end, Studebaker implemented a plan where 3,600 retirees aged 60 and over received full pension benefits, 4,000 workers aged 40-59 with at least ten years of service got lump-sum payments equivalent to about 15% of their pension value, and 2,900 employees received no pensions. Other companies were also guilty of squandering pension funds and monies set aside for their employees’ retirement. Although it would be almost another decade before ERISA was enacted – the government finally stepped in. Over the past 50 years, ERISA (which also extends to health plans, not just retirement accounts), has been amended to bring us such hits as COBRA, HIPAA, Newborns' and Mothers' Health Protection Act, the Mental Health Parity Act, the Women's Health and Cancer Rights Act, the Affordable Care Act and the Mental Health Parity and Addiction Equity Act. To read more, check out the DOLs History of EBSA and ERISA | U.S. Department of Labor (dol.gov) #ERISA #Retirement #401k #happybirthday #COBRA

What do you know about State-mandated auto-IRA programs? We have some details in our latest blog -- learn how these programs are helping close the retirement plan coverage gap for Americans who may not have previously had access to one. #retirement #autoIRA #triad #retirementsavings #financialliteracy