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Fall 2020 – The Retirement Plan Company Newsletter

Cost of Living Adjustments for 2021 | Cycle 3 Plan Document Restatements | Required Year-End Participant Notices | The CARES ACT Update | Upcoming Compliance Deadlines for Calendar-Year Plans |The SECURE Act Reminders COST OF LIVING ADJUSTMENTS FOR 2021 On October 26, 2020, the IRS announced the Cost of Living Adjustments affecting the dollar...

2021 Annual Limit Changes

Annual Contribution Limits for Qualified Retirement Plans: Learn about the annual limits for contributions to your qualified retirement plans, including 401(k), IRA, and other types of accounts, and how to make the most of your savings’ potential. The IRS has announced changes to retirement plan limits for 2021 Each year the Internal...

New Plan Tax Credits

  Download The Companion Document When we talk about new retirement plans, we usually focus on the savings advantages they grant to business owners or the big-picture advantages of helping employees achieve ongoing financial wellness. Tax credits granted to plan sponsors are another important, but sometimes opaque, piece of this puzzle. When...

Paying Fees from Plan Assets

  Download The Companion Document COVID-19 is obviously causing financial stress and, when it comes to your clients’ qualified retirement plans, they may be looking for ways to reduce expenses. In this talk, we’ll detail the three options they have to use plan assets to pay some plan expenses as long as they follow Department of Labor and...