Topic: "Retirement Plans"

Importance of Year End Census Information

February 2021

We never want to bother you, but it is important for us to gather precise information about your employee census data and company structure. Retirement plans are required to pass complex annual compliance testing to make sure that the plan... Read more

The Best Ways to Spend Your Tax Refund

February 2021

Coronavirus, General, Payroll, Retirement Plans, Tax Refund, Taxes

Tax season is well and truly underway in America. While it is no fun preparing a return for the IRS, many of us rather enjoy getting a check back from Uncle Sam. And with the average refund being nearly $3,000,... Read more

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

January 2021

Compensation, 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

Retirement Plan Compliance Problems Can Be Corrected

January 2021

Retirement Plans

A retirement plan is a great employee benefit. The flipside is that most types of plans are subject to numerous government regulations. So many, in fact, that it’s easy to see how an employer might fail to dot every “i”... Read more

How Does Your 401(k) Compare to the Average?

December 2020

Retirement Plans

More than 97 million Americans have access to a 401(k) plan and more than $5.3 trillion is invested in those plans. You may have wondered how your plan stacks up to the competition. Let’s take a look. Average Employee Contribution:... Read more

Participant Education Center

December 2020

Participant Website, Retirement Plans

Recently, Noble-Davis Consulting added a new section to our website called the Participant Education Center. This new section can be found under the Resource Center tab located at the top of any page on our website. The Participant Education Center... Read more

How to Calculate Your Retirement Needs in an Ever-Changing World

December 2020

Plan Design, Retirement Plans

RETIREMENT – a golden dream far down the line for many of us. But will you ever actually be able to retire? Sadly, most Americans are simply not making enough plans for retirement. Many find themselves resigned to having to... Read more

Cycle 3 Document Restatement FAQs

November 2020

Documents, Retirement Plans

Every 6 years, the IRS requires that most qualified retirement plans be restated (or re-written) to encompass legislative changes and regulatory guidance that have been issued since the last restatement cycle. Operationally, the changes are already in effect and, in... Read more

It’s Time to Restate Your Plan

November 2020

Documents, Retirement Plans

Every 6 years, the IRS requires that most qualified retirement plans be restated (or re-written) to encompass legislative changes and regulatory guidance that have been issued since the last restatement cycle. Operationally, any such changes are already in effect and,... Read more

New Limits for 2021

November 2020

Retirement Plans

For the year 2021, the IRS has announced their updates of the various limits that govern 401(k) plans. Here are the plan limits for the coming year. Please contact your plan consultant if you have any questions about what these... Read more