Certain states have considered enacting legislation facilitating the creation of portable benefit accounts for independent contractors, including gig economy workers. These accounts attach to the ...

A custodial agreement empowers a professional third party to manage benefit accounts, holding assets for the owner. Discover how it simplifies retirement and health plan administration.

In the realm of personal finance, the strategic use of bank accounts with benefits can be a game-changer. Many banks offer accounts that provide cashback or rewards, which can accumulate over time, ...

On Jan. 1, IBM put the brakes on its dollar-for-dollar 5% employee match in its 401(k) plan and began providing most of its US workers a portable "retirement benefit account." In other words, the ...

In April, the Alabama Legislature passed the Portable Benefits Act, to be codified at Ala. Code § 25-1-70. This Act is intended to help independent contractors, including gig workers, who do not have ...

Employees are taking a multi-pronged approach to saving for both the long- and short-term. New legislation, paired with supportive workplace benefits, can help employees proceed with a clear strategy.

The dramatic news that IBM is replacing its 401(k) corporate match with a cash balance component in its previously frozen defined benefit plan may give other plan sponsors the impetus to move ahead ...

Purdue University is introducing a new Commuter Benefit as part of our pre-tax savings accounts. This new benefit will allow individuals who use mass transit or pay for parking at or near their place ...

It essentially will be whatever IBM wants it to be; as a matter of fact I am 95+% certain this is the point of it, to move to a vehicle that is entirely within IBM's control to shape, including how it ...