Nov 19, 2019
Being the bearer of bad news isn’t fun. When the third-party administration firm relays that aspects of the annual compliance testing have failed causing many of the company’s executives to receive taxable distributions from the plan, it isn’t a great day for the HR manager. The administrator explains that the regulations require testing to...Nov 19, 2019
IRS Announces Limits for 2020: The IRS has released new contribution limits and other updates for retirement plans in 2020. This article will explore the changes, including new limits for 401(k), IRA, and other qualified retirement plans, and how they may impact your retirement savings strategy. Keep reading to stay up to date on the latest IRS...Oct 11, 2019
Download The Companion Document Some business owners may come to you asking for information on a 401K or a cash balance plan. They may know of these from prior experience, or friendly advice, or they may have done their homework about different retirement plans. As retirement plan experts, we have many plan designs and options to offer depending...Sep 23, 2019
Download The Companion Document You already know that a 401(k) is a very popular retirement plan that allows employees to take advantage of tax deferrals on contributions and earnings while their money accumulates for retirement. To enjoy this special status, the IRS put in place non-discrimination rules to assure that plans benefit rank and file...Sep 13, 2019
Rick Pummill, CLU, QPA, QKA The Retirement Plan Company Rick has worked over 30 years in the development, management & administration of qualified retirement plans. Rick earned a Bachelor of Arts degree in Economics from Dartmouth College & received his Chartered Life Underwriter (CLU) designation from the American College and his...