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 for Startup Plan Tax Credits? If an employer changes from one type of retirement...

SECURE Act 2.0- Overview and Highlights

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...

Frequently Asked Questions about Cash Balance Plans

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...

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 unpredictable. Unlike most retirement plans that balance risk and return based on market...

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 article Which Type of Retirement Plan is the Best Fit for Your Business? Many...

Fall Is in the Air, and so Are Deadlines!

Form 5500 Insights New IRS Pre- Examination Compliance Program Announced Q&A Corner Upcoming Compliance Deadlines for Calendar- Year Plans Form 5500 Insights Every year, most employers file a Form 5500 for each qualified plan that they sponsor. The purpose of the Form 5500 is to provide required information to the Department of Labor (DOL),...