Topic: "Retirement Plans"

Time to Update

New Limits for 2022

For the year 2022, the IRS has announced their updates of the various limits that govern 401(k) plans. Here are the plan limits for the coming year. 401(k) Deferral Contributions – Increased to $20,500 401(k) Catch-Up Contributions – Remains the... Read more
Hourglass with a 100 dollar bill inside

It’s Time for RMDs

The law requires that participants who have attained a certain age and are no longer working begin taking distributions from their retirement accounts. These distributions are called Required Minimum Distributions (RMDs) and they are calculated based on the life expectancy... Read more
Hot Topic

IRS Compliance Initiatives

The IRS has recently updated its Compliance Program and Priorities for retirement plans. They have identified several areas that will be focused on in 2021 by their agents. These include: General Compliance – There will be a focus on determining... Read more
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