High earners face additional contribution restrictions to employer-sponsored 401(k) plans. Being aware of these restrictions and how to navigate them can help maximize retirement savings.
IRS guidance on the 15% maximum on automatic contributions, 401(k) and 403(b) plan safe harbor requirements and plan loan offset rollovers. Source: RSM US LLP.
The changes to 401(k) plans brought on by the SECURE Act, signed into law in December 2019, may have been lost in the chaos of [...]
Question: Do I have to allow my employees the option to choose their own 401(k) investments? I worry they won’t know how to make good investment choices.
Question: Our payroll person remitted our employee retirement plan “safe harbor” money into the profit sharing accounts of participants. Does it really matter or can we [...]