-
What is an automatic rollover IRA? An automatic rollover is a distribution of an account for terminated employees who have a balance below the plan's cash out threshold. Common cash out thresholds are $7,000 and $5,000. Please note that the e...
-
Last Updated: 02/09/2024
in Retirement What are catch-up contributions?Catch-up contributions are salary deferrals (also referred to as “elective deferrals”) that employees age 50 or older can make.
-
Catch-up contributions are salary deferrals (also referred to as “elective deferrals”) that employees age 50 or older can make in addition to their regular retirement plan contributions. Like regular elective deferrals, catch-up contri...
-
Contributions to your Health Savings Account (HSA) is a great way to set funds aside for current medical expenses while also saving for expenses in the future. An HSA allows you to make contributions to help grow your savings, and if used for eligib...
-
Last Updated: 02/09/2024
in Health & Wellness What is a Health Savings Account (HSA)?A health savings account (HSA) is a savings vehicle established to set aside funds tax free to pay for health care expenses.
-
IRS Plan Maximums - 2024 401(k) - Pre-Tax & Roth - $23,000. Plan participants are eligible to contribute up to the IRS maximum. This total includes both Roth and Pre-Tax amounts. Once you reach a total of $23,00 in contributions you ...
-
What is Personalized Investing? Personalized Investing is a professionally managed, fully digital investment strategy that makes investing easier for you. Exactly as the name implies, personalized investing takes key financial and demographic dat...
-
Guidelines for rolling funds from an existing HSA You may choose to rollover assets from an existing HSA to your Sentinel HSA, but it important you understand some of the requirements when rolling assets in from an existing HSA. A r...
-
When you have enrolled in a personalized investment strategy, your online account will display this under Manage My Account > Manage Investments. If you would like to opt out of your personalized investment strategy and choose your own invest...
-
What is personalized investing? Personalized investing, also known as a managed account, provides a professionally managed retirement strategy personalized to you. This program selects tailored investments from your company's retirement plan fu...