Frequently Asked Questions about Cash Balance Plans

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...

2021 Annual Limit Changes

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...

E-Delivery Final Regulations

By : Scott M. Cloud, MBA, CPC During the past six months there’s been a flurry of retirement plan regulatory/legislative changes between the SECURE Act and CARES Act (and subsequent coronavirus-related relief), and on Thursday, May 21st the DOL announced the final rules enabling required plan notifications, disclosures, and other materials to be...