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...
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 plans – as defined...
The IRS has announced changes to retirement plan limits for 2021 Each year the Internal Revenue Service announces the cost-of-living adjustments applicable for all types of qualified retirement plans and IRAs. The various annual contribution limitations and other important indexes which govern all plans either remain unchanged...
Electronic Delivery Could Save BillionsUpcoming Compliance Deadlines for Calendar-Year PlansIRS Issues Additional Pandemic Relief Electronic Delivery Could Save Billions On May 21, 2020, the U.S. Department of Labor and the Employee Benefits Security Administration (EBSA) announced the publication of a final rule that will allow employers to...
Money may not buy happiness, but it sure can create marital discord! Finances are reported to be one of the most common sources of disagreement between partners. A difference of opinion on money matters can affect everything from a couple’s household budget to their retirement investments. Addressing financial issues early can avoid many...
It can be difficult to not get emotionally caught up in the ups and downs of the investment markets when it’s your money that’s on the line. If your investments are up, you might become overconfident. And if they drop, you might panic. The investment decisions you make when you’re overconfident or panicking may very well not be the best decisions...
