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Here is a basic blog layout with a right sidebarTiming Requirements for Including a Safe Harbor Contribution Provision in a New or Existing 401(k) Plan
By: Scott M. Cloud, MBA, CPC Including a safe harbor contribution provision in a 401(k) plan gives the plan an exemption to the actual deferral percentage (ADP) test that might otherwise limit the salary deferral contribution amounts of owners, family members of...
Frequently Asked Questions About Startup Plan Tax Credits
By Scott Cloud, MBA, CPC What is the Startup Plan Tax Credit on Plan Expenses? What is the Startup Plan Tax Credit on Employer Contributions? Are non-profits or governmental employers eligible for Startup Plan Tax Credits? What types of retirement plans are eligible...
SECURE Act 2.0 Update
Mandatory Provisions Optional Provisions: TRPC Elects to Default Optional Provisions: TRPC Elects Not to Default & the Employer Must Elect to Add Timing of the Amendment to Include SECURE Act 2.0 Changes Plan Document Amendments As...
SECURE Act 2.0—Overview and Highlights
Catch-Up Contributions Required Minimum Distribution (RMD) Beginning Age Eligibility for Long-Term, Part-Time Employees Financial Incentives to Increase Employee Participation Employer Match on Student Loan Payments Mandatory Automatic Enrollment in Startup 401(k)...
Achieving Pension Freedom Through Liability-Driven Investing
The defined benefit pension plan is a popular post-retirement benefit. For the retiree receiving the pension, it’s a valuable perk. If you’re the employer obligated to issue those pension checks, not so much. The nature of a defined benefit pension plan is...
Transitioning from a SIMPLE IRA to a Safe Harbor 401(k) Plan
By: Scott M. Cloud, MBA, CPC There are several different types of retirement plans from which business owners can choose to enable themselves and their employees to save for retirement. For a listing of retirement plan options and a description of each, please see our...