"Retirement Plans" Articles

Coronavirus Precautions

March 2020

We at Noble–Davis Consulting are closely monitoring the Coronavirus pandemic and continually discussing our plan of action for our firm. As COVID-19 continues to spread globally, our thoughts go out to everyone who has been impacted by the evolving situation.... Read more

Retirement accounts – A new frontier for Cyber-Criminals

March 2020

Retirement Plans

Remember the good old days when a criminal had to go through your trash or steal your purse to get ahold of your personal information? Crime was a tough business to be in and took some real skill and persistence.... Read more

Why Employers Should be Working with Plan Consultants for Employee Benefits

March 2020

Compensation, Plan Design, Retirement Plans, Welfare Plans

WHETHER we like it or not, the benefits package on offer to employees is an essential part of the recruitment and retention process for our teams. Startups and small businesses are often simply not in a position to offer any benefits... Read more

What Benefits Do Employees Want the Most?

February 2020

Compensation, Plan Design, Retirement Plans, Welfare Plans

With unemployment at record lows in the United States and no apparent end in sight to the longest bull market in history, one downside for businesses is finding and keeping good people. Which is where the pressure is on business... Read more

Should I be withholding 401(k) if my employee leaves?

February 2020

Retirement Plans

Determining what counts as compensation for your plan can sometimes be confusing, especially when you are paying amounts to participants who have left employment. When someone leaves employment, you may or may not be able to use their final compensation... Read more

Sell Your Employer Match

February 2020

Retirement Plans

Most 401(k) plan sponsors offer their employees some type of matching contributions. The most common match, according to the Plan Sponsor Council of America, is 50 cents for every dollar an employee contributes to the plan, up to 6% of... Read more

Important Deadlines (Feb – Apr)

February 2020

Retirement Plans

February 28th – Deadline to file Form 1099-R with the IRS, if not filed electronically, to report distributions for the previous year. March 15th – Employer contributions are due to the retirement plan’s trust for S-Corporations and partnerships with December... Read more

SECURE Act of 2019

January 2020

Retirement Plans

On December 20, 2019, President Trump signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. The SECURE Act includes several changes for retirement plans and employee benefits. The summary below shows the retirement plan... Read more

New Limits for 2020

January 2020

Retirement Plans

For the year 2020, the IRS has made a number of changes to the various limits that govern 401(k) plans. Here are the plan limits for 2020. Please contact your plan consultant if you have any questions about what these... Read more

Tax Infested Retirement?

November 2019

Compensation, Plan Design, Retirement Plans

YOU are hard at work saving for your retirement – putting money diligently away into a 401(k) and your IRAs. And the best bit is Uncle Sam is not taking his cut from you – all your saving is being... Read more