…flexibility in getting the exact qualities and features we want. In retirement plan terms, that can be a good way to think about the difference between a bundled solution and an unbundled solution. In a bundled approach, the client typically accepts a standardized plan design…
…FICA, or IRC section 3306(b), for purposes of FUTA. Employer Roth contributions “must be reported using Form 1099-R for the year in which the contributions are allocated to the individual’s account. The total amount of designated Roth matching contributions and designated Roth nonelective contributions that…
…to transfer it to another plan), then the plan must distribute the benefit to a designated Individual Retirement Account (IRA). These are called ‘‘automatic rollovers.” DOL provides a safe harbor for automatic rollovers under which the IRA designation and initial investment are deemed to satisfy…
…flexibility, customization, outcomes. And all of these drive plan design. It’s all about asking the right questions so that together, we can design and offer an ideal retirement plan for each of your clients. Give us a call to talk about how we can help. …
Each year nondiscrimination testing must be performed on your Defined Benefit Plan. Do you have a strategy in place? The right plan design strategy can address potential testing failures. Join us on as we provide insights into what’s involved with nondiscrimination testing and what you…
…plan to offer employer contributions to LTPT employees. Plan sponsors that employ part-time workers should make certain to track their hours carefully and to allow eligible employees to defer in 2025 and beyond. Some employers are also considering their plan provisions and plan design to…
…future contributions. The company’s retirement PLAN DOCUMENT spells out how forfeitures are to be treated. In other words, the definition of vesting and forfeitures and how they’ll be handled should be clear to the employer and all plan participants. As a plan design feature, vesting…
…of retirement plan designs and individual plan features that can help them reach their goals. Depending on their situation, here’s a quick snapshot of some of the most popular: First, a 401(k) plan with a Safe Harbor feature can be a great vehicle. With this…
SECURE Act 2.0 gives small business owners exciting new tactics and strategies designed to help them achieve business goals as well as retirement savings objectives for themselves and their employees. Attend this seminar to learn how to use qualified retirement plans and executive compensation arrangements…
…importance of having someone on your side who can help keep your plan on the proper course. What Could Go Wrong? Congress did not design retirement plans to be complicated. But over the years, layers of rules have been added—mostly to benefit participants or to…
SECURE Act 2.0 gives small business owners exciting new tactics and strategies designed to help them achieve business goals as well as retirement savings objectives for themselves and their employees. Learn how to use qualified retirement plans and executive compensation arrangements to increase retirement income…
SECURE Act 2.0 gives small business owners exciting new tactics and strategies designed to help them achieve business goals as well as retirement savings objectives for themselves and their employees. Learn how to use qualified retirement plans (like a combo 401(k) and cash balance plan)…