How a Safe Harbor Contribution Provision Enhances a 401(k) Plan

By : Scott M. Cloud, MBA, CPC A well-designed 401(k) plan can help to recruit and retain employees, and – for most workers who have access to a company 401(k) plan – it serves as the primary (or only) investment vehicle to accumulate savings for retirement.  For many employers, the 401(k) plan’s effectiveness in helping owners and key personnel...

Winter 2021 – TRPC Newsletter

The MEP/PEP Debate: Are We Better Together? Upcoming Compliance Deadlines for Calendar-Year Plans Terminated Employees? Important Relief is Here. Is There Pandemic Relief For Late Deposits? The MEP/PEP Debate: Are We Better Together? When we talk about retirement plans, many employers think of single employer retirement plans. A single employer...

The Tax Advantages of a Solo(k) vs other Retirement Plans

Business owners whose only source of retirement savings is their business face significant challenges when transitioning to retirement. Can you sell the business when you’re ready to do so? Will the market value your company as much as you do? How will the taxes from the sale impact your personal bottom line? If you are a business owner looking...

Special Edition 2020 – TRPC Newsletter

Annual Data Collection: Pandemic Edition Upcoming Compliance Deadlines for Calendar-Year Plans The SECURE Act 2.0 Annual Data Collection: Pandemic Edition The end of the year is quickly approaching which means annual data collection requests for many plan sponsors. We all know the drill by now, annual census data, an employer questionnaire, and...

401(k) Pay – A New Payroll Integration

Attention: Say goodbye to manual data inputs. Our new 401(k) Pay Payroll Integration makes managing 401(k) plan contributions easy! Managing payroll contributions in a retirement plan can be a time-consuming process. As a plan sponsor you are most likely in charge of the payroll for your business. Part of that process in a 401(k) plan mean...

Fall 2020 – The Retirement Plan Company Newsletter

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...