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),...

Personalization by Default

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...

The Current State of TPAs for Qualified Plans and What Advisors Should Consider

By: Gary L. Simon Jr., QPFC Most advisors in the Qualified Plans space have a “go-to” platform (American Funds, Fidelity, John Hancock, Empower, Principal for example). For nearly 25 years in this market, this is what I’ve seen to be the norm, and rightfully so. But the days of the bundled platform are nearly gone. These platforms mostly rely on...

Spring 2022- The Retirement Plan Company Newsletter

Timing of Deposits 401(k)/403(b) Deferrals and Loan Repayments New Information on Participation Statements: Lifetime Income Illustrations Upcoming Compliance Deadlines for Calendar -Year Plans Timing of Deposits401(k)/403(b) Deferrals and Loan Repayments One of the questions asked by your TPA during the annual census collection may be whether...