Retirement Archives - Page 2 of 4

SECURE 2.0 Act – Employer Matches of Qualified Student Loan Payments (QSLPs)
SECURE 2.0 Act – Employer Matches of Qualified Student Loan Payments (QSLPs)

Retirement

SECURE 2.0 Act – Employer Matches of Qualified Student Loan Payments (QSLPs)

Section 110 of the SECURE 2.0 Act allows plan sponsors to treat student loan payments as elective deferrals to match contributions effective for plan years beginning after December 31, 2023. Plan sponsors considering allowing employer match contributions of qualified student loan payments (QSLPs) might have postponed their decision until further guidance was provided. On August 19, 2024, the IRS issued interim guidance that will assist plan sponsors in determining whether to adopt the provisions.

Janet Rosson2025-02-26T16:01:43-05:00September 26, 2024|Categories: Retirement|Tags: Stacie Newnam|

Automatic Enrollment in a Retirement Plan – Part 1
Automatic Enrollment in a Retirement Plan – Part 1

Retirement

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.

Janet Rosson2024-07-08T11:30:42-04:00July 10, 2024|Categories: Retirement|Tags: Cindy Turner|

Meeting the DOL’s Requirements for Timely Deposits of Employee Deferrals
Meeting the DOL’s Requirements for Timely Deposits of Employee Deferrals

Retirement

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.

Janet Rosson2024-07-02T09:31:23-04:00July 2, 2024|Categories: Retirement|Tags: Stacie Newnam|

SECURE 2.0 Act – New Retirement Plan Distribution Options
SECURE 2.0 Act – New Retirement Plan Distribution Options

Employee Benefit Plans, Plan Design and Administration, Retirement

SECURE 2.0 Act – New Retirement Plan Distribution Options

Discover how SECURE 2.0 Act provides more flexibility for retirement plan participants.

Janet Rosson2024-07-01T09:41:32-04:00June 26, 2024|Categories: Employee Benefit Plans, Plan Design and Administration, Retirement|Tags: Stacie Newnam|

Knowing Your Plan’s Definition of Compensation
Knowing Your Plan’s Definition of Compensation

Plan Design and Administration, Retirement

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.

pb_admin2024-06-25T17:10:32-04:00June 21, 2024|Categories: Plan Design and Administration, Retirement|Tags: Cindy Turner|

Failed ADP/ACP Test Deadline for 401(k) Corrective Distributions
Failed ADP/ACP Test Deadline for 401(k) Corrective Distributions

Audit & Assurance, Employee Benefit Plans, Plan Design and Administration, Retirement

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.

Janet Rosson2025-03-19T15:15:38-04:00March 29, 2024|Categories: Audit & Assurance, Employee Benefit Plans, Plan Design and Administration, Retirement|Tags: Stacie Newnam|

Credits and incentives available to retirement plan sponsors
Credits and incentives available to retirement plan sponsors

Plan Design and Administration, Retirement

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.

pb_admin2025-01-31T12:41:28-05:00March 25, 2024|Categories: Plan Design and Administration, Retirement|Tags: Authored by RSM US LLP|

Required Minimum Distributions (RMD) calculations for qualified retirement plans and IRAs are finally in alignment!
Required Minimum Distributions (RMD) calculations for qualified retirement plans and IRAs are finally in alignment!

Retirement

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.

Janet Rosson2025-03-18T13:23:32-04:00March 13, 2024|Categories: Retirement|Tags: Cindy Turner|

IRS Delays Roth Catch-Up Contribution Rule
IRS Delays Roth Catch-Up Contribution Rule

Retirement, Tax: Business

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.

Janet Rosson2023-11-15T17:53:25-05:00November 15, 2023|Categories: Retirement, Tax: Business|Tags: Charles Dean Smith Jr|

Navigating the Compliance Maze: A Government Contractor’s Guide to 401(k) Nondiscrimination Testing
Navigating the Compliance Maze: A Government Contractor’s Guide to 401(k) Nondiscrimination Testing

Government Contracting, Retirement

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.

Janet Rosson2023-11-15T17:51:08-05:00November 14, 2023|Categories: Government Contracting, Retirement|Tags: Neena Shukla|