Automatic Enrollment in a Retirement Plan – Part 1
Learn about the Pension Protection Act which allows for automatic enrollment in a 401(k) Plan and the pros and cons involved.
Meeting the DOL’s Requirements for Timely Deposits of Employee Deferrals
Understand the importance of meeting the Department of Labor's requirement for timely deposits of employee deferrals.
SECURE 2.0 Act – New Retirement Plan Distribution Options
Discover how SECURE 2.0 Act provides more flexibility for retirement plan participants.
Knowing Your Plan’s Definition of Compensation
One of the most common errors found in qualified retirement plans is the failure to use the correct definition of compensation. Learn about the three basic definitions of compensation, a key data point in retirement plan operations.
Credits and Incentives Available to Retirement Plan Sponsors
Employers with less than 100 employees who have recently adopted or are considering a retirement plan have a tax savings opportunity.
Failed ADP/ACP Test Deadline for 401(k) Corrective Distributions
Learn about the corrective distribution deadline associated with failed ADP/ACP testing related to requirements for traditional 401(k) plans that haven't adopted safe harbor provisions.
Required Minimum Distributions (RMD) calculations for qualified retirement plans and IRAs are finally in alignment!
The two most common individual retirement vehicles are Qualified retirement plans and Individual Retirement Accounts (IRAs). Learn more about how Required Minimum Distributions for qualified plans and IRAs have aligned.
IRS Releases 2024 Retirement Plan Limitations
Cost-of-living adjustments to retirement plan limits for 2024 have been issued by the IRS in Notice 2023-75.
IRS Delays Roth Catch-Up Contribution Rule
The IRS has delayed the new Roth catch-up contribution rule for high earners until 2026. This change provides a strategic window for retirement planning, especially as fewer than 20 percent of eligible employees still don’t utilize catch-up contributions.
Navigating the Compliance Maze: A Government Contractor’s Guide to 401(k) Nondiscrimination Testing
As a government contractor, it is vital to possess a comprehensive understanding of the regulations governing 401(k) plans and the intricacies of nondiscrimination testing. While these retirement savings plans are commonly offered by employers, it is imperative to meet specific requirements to maintain their tax-deferred status.