We’re Rebranding!
The Retirement Plan Company is becoming Daybright Financial—part of a unified rebrand of our parent company, U.S. Retirement & Benefits Partners, and all its firms.
While our name is changing, there are no changes to how you contact us or access your account. You’ll continue working with the same team, committed to helping you reach your retirement goals. To learn more, visit Daybright.com.
By : Scott M. Cloud, MBA, CPC Retirement plan laws require that a company-sponsored retirement plan be subject to an annual audit if it satisfies the definition of a “large-plan”. The audit must be performed by an Independent Qualified Public Accountant (IQPA) and the audit report must be attached to the Form 5500 filing for that plan...
By: Jerry Alena On October 13, 2021, the Social Security Administration released the 2022 cost-of-living (COLA) increase. At 5.9% it is the largest single -year increase in 40 years.The new OASDI Taxable Wage Base for 2022 was increased to $147,000 from $142,800.Social Security serves over 70 million Americans. Increased payments to 8 million SSI...
Save More for Retirement in 2022 Form 5500 Filing Extension for FEMA Designated Disaster Areas Upcoming Compliance Deadlines for Calendar-Year Plans Participant Distribution Fraud in the “New Normal” Save More for Retirement in 2022 On November 4, 2021, the IRS announced the Cost of Living Adjustments affecting the dollar limitations for...
By: Scott M. Cloud, MBA, CPC There are several different types of plans from which business owners can choose to enable themselves and their employees to save for retirement. The type of plan that is most appropriate for a business depends on a number of factors, including: how the business is structured, how much the owners wish to save,...
Missing Participants: Ready or Not Here I Come! Safe Harbor: A Cure For Your Testing Headaches Upcoming Compliance Deadlines for Calendar-Year Plans Looking to Maximize Savings? Cash Balance Could Be the Answer! Missing Participants: Ready or Not, Here I Come! Most plan sponsors can relate to the trials and tribulations of having missing...
