Maree P. Vahue
Maree P. Vahue concentrates in retirement plan, S125 and HSA Administration at the state and federal level, Maree leads the monitoring and analysis of ERISA legislative and regulatory changes within the retirement services and S125 compliance disciplines. She is also responsible for conducting compliance reviews, providing consulting to internal business partners, maintaining government and industry group relationships and assessing potential risk impact to the company.
To complement her 14 years of dedicated service to Paychex, Maree earned a Master’s degree in Business Administration from Rochester Institute of Technology. She also holds the advanced designations of Qualified Pension Administrator (QPA), Qualified 401(k) Consultant (QKC) and her Qualified 401(k) Administrator (QKA) through the American Society of Pension Professionals and Actuaries (ASPPA). She is also a member of the ASPPA Government Affairs Committee, the ABC’s Retirement Income Task Force sub-committee, and NAPEO’s Working Group for State Plans.
WORX Content from this Author
Virginia law establishes VirginiaSaves, a state-mandated employer-sponsored workplace retirement plan, to help the nearly 800,000 individuals who lack access in the private sector to a program that will help improve the coverage gap.
Eligible Maine businesses with 5 or more employees will be required to offer a workplace retirement program. The phased-in implementation begins April 1, 2023 with the registering of employees by larger businesses.
Connecticut is trying to implement a state-mandated, employer-sponsored retirement plan pilot - Secure Choice - in 2021 in response to the growing retirement crisis in the United States.
The Internal Revenue Service (IRS) released its cost-of-living adjustments for 2021, but there will be no increase in the annual contribution limit for individuals using a workplace-sponsored retirement plan.
Maryland is moving forward with a state-sponsored retirement program - Maryland $aves - to address the growing retirement crisis in the United States. However, the original 2020 launch has most likely been delayed by the COVID-19 pandemic.
The New Jersey Secure Choice savings program is scheduled to begin in March 2021, but might be delayed by the COVID-19 pandemic. It would require certain-sized businesses to implement a retirement savings program for employees,
The Colorado Secure Savings Program requires businesses with more than five employees in Colorado to provide employees access to a retirement plan.
The recent tax overhaul has changed some rules around employer-sponsored retirement plans and IRAs. Plan sponsors should read on to understand how various provisions of the tax law could impact retirement plan decisions.
The 2020 contribution limits for 401(k), 403(b), and most 457 plans have been raised for a third straight year, increasing by $500 the amount plan participants can contribute. This is an opportune time to consider offering a retirement plan if you don't do so already.
This week a new law went into effect that gives hurricane victims easier access to loan and hardship withdrawals. Keep reading to get details about this act.