Fall 2023 – Benefit Insights Newsletter Cost of Living Adjustments for 2024 Considering Changes to Your Business? Don’t Forget About Your Plan! Good News on Catch-Up Contributions! News Alert: Grace Period Extended for EFAST2 Login Credentials Upcoming Compliance Deadlines for Calendar-Year Plans Cost of Living Adjustments for 2024 Save More for Retirement in 2024…
Cost of Living Adjustments for 2023 Save even more for retirement in 2023 due to record breaking increases in limits. On October 21, 2022, the IRS announced the Cost of Living Adjustments (COLAs) affecting the dollar limitations for retirement plans for 2023. Retirement plan limits increased well over the 2022 limits, the largest increase in…
Timing of Deposits 401(k)/403(b) Deferrals and Loan Repayments One of the questions asked by your TPA during the annual census collection may be whether your participant contributions and loan payments were transmitted within the Department of Labor (DOL) safe harbor time frame. It’s an important question because both the DOL and the Internal Revenue Service (IRS)…
Fall 2021 – Benefit Insights Newsletter Save More for Retirement in 2022 Form 5500 Filing Extension for FEMA Designated Disaster Areas Participant Distribution Fraud in the “New Normal” Upcoming Compliance Deadlines for Calendar-Year Plans Save More for Retirement in 2022 On November 4, 2021, the IRS announced the Cost of Living Adjustments affecting the dollar…
Spring 2021 – Benefit Insights Newsletter Retirement Planning is a Team Sport Some would say that retirement plan administration is a team sport! Putting together technical and compliance competence with ongoing investment and fiduciary expertise is key to keeping your plan healthy and participants happy. So, what roles and responsibilities should you look to fill for…
Electronic Delivery Could Save Billions IRS Issues Additional Pandemic Relief Upcoming Compliance Deadlines for Calendar-Year Plans Summer 2020 Newsletter Electronic Delivery Could Save Billions On May 21, 2020, the U.S. Department of Labor and the Employee Benefits Security Administration (EBSA) announced the publication of a final rule that will allow employers to communicate the required…
How the SECURE Act is Changing Retirement | Upcoming Compliance Deadlines Winter 2020 Newsletter How the Secure Act is Changing Retirement Upcoming Compliance Deadlines How the SECURE Act is Changing Retirement On December 20, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law. The SECURE Act represents some of…
IRS Announces Limits for 2020 Safe Harbor 401(k) Plan Design Upcoming Compliance Deadlines for Calendar-Year Plans (12/31) The Final Rule on Hardship Distributions Fall 2019 Newsletter IRS Announces Limits for 2020 Safe Harbor 401(k) Plan Design Upcoming Compliance Deadlines for Calendar-Year Plans (12/31) The Final Rule on Hardship Distributions IRS Announces Limits for 2020 On…
Automatic Enrollment is on the Rise | Protect Your 401(k) Spring 2019 Newsletter Automatic Enrollment is on the Rise Upcoming Compliance Deadlines for Calendar-Year Plans (12/31) Protect Your 401(k) Automatic Enrollment is on the Rise With the future of Social Security in question, it is becoming ever increasingly important for workers to self- prepare for…
Hardships Get a Little Easier / 2019 Cost of Living Adjustments Hardships Get a Little Easier 2019 Cost of Living Adjustments Helping Hands ‘Tis the season… Upcoming Compliance Deadlines for Calendar-Year Plans (12/31) Port in the Storm Winter 2018 Newsletter Hardships Get a Little Easier Earlier this year, the Bipartisan Budget Act of 2018 was passed…