Feb 23, 2024
Components of Defined Contribution Plan Compliance Testing Does My Plan Need an Audit? 401(k) deferrals: Don’t exceed the limit! Reminder: Long-Term, Part-Time Employee Rules Effective January 1, 2024 Upcoming Compliance Deadlines for Calendar-Year Plans Plans must be tested each year to ensure that they are compliant with the laws governing...May 15, 2023
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...Jan 10, 2023
Catch-Up Contributions Required Minimum Distribution (RMD) Beginning Age Eligibility for Long-Term, Part-Time Employees 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...Feb 10, 2022
2022 – An Ideal Time to Review Plan Design SECURE Act Provisions for Long-Term Part-Time Employees Navigating the Labyrinth of Required Minimum Distributions Upcoming Compliance Deadlines for Calendar-Year Plans 2022 – An Ideal Time to Review Plan Design Each year, those in the retirement community collect, analyze and calculate data to...Nov 19, 2019
On Sept. 23, the IRS published a final rule that relaxes several existing restrictions on participant hardship distributions from defined contribution plans. Some of these changes are mandatory, requiring employers to make the changes by Jan. 1, 2020, while others are optional. Though the IRS had issued the proposed regulations in 2018, the final...Mar 23, 2013
A dish that contains only one ingredient could taste rather bland and boring. Adding different spices and herbs to a recipe can make it more flavorful and satisfying. Similarly, a portfolio that contains only one investment type may not suit your financial goals. Choosing a variety of investments may result in a more satisfactory outcome. A...