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March 1st and Excess Salary Deferrals

ERISA consultants at Pentegra regularly receive calls from financial advisors on a broad array of technical topics related to qualified retirement plans, IRAs, and other types of retirement savings and income plans. A recent call with a financial advisor from Nebraska is representative of a…

A SIMPLE Switch

Pentegra recently received a call regarding a common inquiry related to SECURE Act 2.0 of 2022 (SECURE 2.0). “My client wants to terminate its SIMPLE IRA plan during 2024 and start a safe harbor 401(k) plan as allowed by SECURE 2.0. What types of safe…