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Here is a basic blog layout with a right sidebarTRPC 2024 Newsletter | Winter Edition
Components of Defined Contribution Plan Compliance Testing Does My Plan Need an Audit? 401(k) deferrals: Don’t exceed the limit! Reminder: Long-Term, Part-Time Employee Rules Effective January 1, 2024 Upcoming Compliance Deadlines for Calendar-Year Plans Plans must be...
5 BENEFITS OF CASH BALANCE PLANS
By: Jerry Alena As small businesses become successful and enter the maturity phase of their lifecycle, their owners often contemplate how to transform hard work and equity into wealth. One of the most effective and tax-efficient ways to reallocate what otherwise...
Why “Immediate Eligibility” Should Never be Selected in a SEP or Solo 401(k) Plan Document
By: Scott Cloud, MBA, CPC Arguably the most common mistake made with small business retirement plans is the selection of "immediate eligibility/no waiting period" when drafting a SEP or Solo 401(k) plan document for a self-employed individual without any employees. ...
Why You Should Consider a 3(16) Fiduciary Service Provider
By: Gary L. Simon Jr., QPFC-Regional Vice President of Sales 3(16) fiduciary services, also referred to as 3(16) plan administrators, are one of the fastest-growing sectors of the retirement plan industry today. Utilizing a TPA that can offer these services is growing...
Frequently Asked Questions about Cash Balance Plans
By: Scott Cloud, MBA, CPC Cash balance plans are a type of defined benefit retirement savings plan that enables business owners to make significant tax-deductible contributions each year and to accumulate significant retirement savings on a tax-deferred basis....
Turn Back Time With Cash Balance Plans
By: Jerry Alena Cash balance plans can help professional practitioners turn back time when it comes to saving for retirement. Because medical professionals spend a lot of time and money investing in their careers early on, they may not be able to invest in a...