February 21, 2020
With many of the provisions of the SECURE Act now in effect, do you know how they might affect your business?
December 17, 2019
Have you been contributing enough in 2019 to your employer’s 401(k) plan or Roth 401(k)? Here are the contribution limits for this year and the newly announced limit for 2020.
August 21, 2019
The costs involved with funding a retirement plan for employees can greatly burden a small business. The U.S. Department of Labor has issued a final rule that can ease the burden.
December 5, 2018
Will you be age 50 or older on December 31? Are you still working? Are you already contributing to your 401(k) up to the regular annual limit? Then you may want to make “catch-up” contributions by the end of the year.
October 20, 2018
Hardship distributions have been burdened with red tape and regulations, but new rules that begin January 1 might make that part of an employee benefit plan a little less complicated.
June 5, 2017
If your employee benefit plan allows hardship distributions under the safe-harbor standards, you will want to be aware of a recent IRS memo on this matter.
December 11, 2015
The headlines about the Bipartisan Budget Act of 2015 were generally focused on how the legislation raises the debt ceiling through 2017, sets federal spending through the 2016 and 2017 fiscal years, and eases strict caps on spending. But, more importantly for many employers, the act also includes a number of changes related to defined benefit pension plans.
July 22, 2015
The Internal Revenue Service encouraged eligible small businesses that did not file certain retirement plan returns to take advantage of a low-cost penalty relief program enabling them to quickly come back into compliance.
May 8, 2015
Many defined contribution plans include participants who are no longer employees, but a problem arises when former employees can’t be located or contacted. These “missing (or lost) participants” can have a significant financial impact on both terminated and active plans because related administrative costs and professional fees are often incurred.