Catch-Up Contributions Required Minimum Distribution (RMD) Beginning Age Financial Incentives to Increase Employee Participation Employer Match on Student Loan Payments Mandatory Automatic Enrollment in Startup 401(k) Plans Roth Treatment of Employer Contributions Mandatory Cash-Out Distribution Limit Paper Statement Requirement Startup Plan Tax...
Cash Balance Plan (FAQ) By: Scott Cloud, MBA, CPC, and Kyle Brown, CEBS 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. While SEPs and 401(k)/profit sharing...
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 unpredictable. Unlike most retirement plans that balance risk and return based on market...
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 article Which Type of Retirement Plan is the Best Fit for Your Business? Many...
By: Todd Levy, AIFA, QKA Would you feel more comfortable making the decision to retire if you knew your monthly income of $5,000 would be sustained for the rest of your life? Does this sound personal? Do you think employees and employers would feel better about their 401(k) plans if investments and retirement income projections were more...
Winter 2021 TRPC Newsletter brings with it a new edition, filled with important updates and news to keep you informed about your retirement plan. In addition to the latest trends and best practices, this issue will also provide a rundown of upcoming compliance deadlines. With the end of the year fast approaching, it’s more important than...
