Understanding How Employer-Match Money Could Be Allocated Beyond 401(k) Plans Post-IRS Ruling
Friday, 27 September 2024, 11:00
New Opportunities for Employer-Match Money Allocation
In a groundbreaking decision, the IRS has opened the door for employer-match money to be directed into areas beyond the traditional 401(k). Employees can now choose from several options to better tailor their retirement strategy.
Potential Areas for Allocation
- Health Savings Accounts (HSAs)
- Brokerage Accounts
- Pension Plans
- Direct Investments
This ruling shifts the dynamics of retirement savings and investment, allowing workers to diversify their employer contributions.
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