"Retirement Plans" Articles

SECURE Act of 2019

January 2020

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

Understanding the Difference Between a 401(k) and an IRA

September 2019

Retirement Plans

Retirement… it may be a long way off but the sooner we think about it, the better off we will be when we get to our final clock out. But saving for retirement is not a fun thing to do... Read more

Have 401(k) Plan Rules Changed under the Tax Cuts and Jobs Act of 2017?

May 2019

Retirement Plans

When the recent tax law changes were being drafted, there had been some concern that drastic changes were in store for 401(k) plans. Some lawmakers had been seeking to limit or eliminate traditional pre-tax contributions in favor of after-tax Roth... Read more

How 401(k) Plan Management Can Help Save Your Clients Money

May 2019

Participant Website, Plan Design, Retirement Plans

As a busy working professional, you know how valuable of a resource time is. As someone who works to help other people save money, you also know time is money. What if there was a way to not only save... Read more

ERISA bonds – What are they and who needs them?

April 2019

Plan Design, Retirement Plans, Welfare Plans

An ERISA fidelity bond is a special insurance policy that protects employee benefit plans from risk or loss due to fraud or dishonesty under the Employee Retirement Income Security Act of 1974. The definition of fraud and dishonesty under ERISA... Read more

Pulling from a 401(k) Early – When Should You and When Should You Wait?

March 2019

Beneficiaries, Contributions, Distributions, Plan Design, Retirement Plans

Pre-tax retirement savings accounts such as 401(k)s and IRAs are common ways to save for retirement. Each year, millions of Americans pour money into these accounts. Unfortunately, many of those people find themselves having to pull money from their account... Read more

The difference between a welfare plan and a retirement plan (and why you need help picking them both!)

February 2019

Beneficiaries, Compensation, Contributions, Distributions, Plan Design, Retirement Plans, Welfare Plans

When it comes to your business, you can’t afford to skimp on your company’s retirement or welfare plan. A solid employee welfare plan can help attract and retain talent, differentiating your business from competitors. By offering a competitive welfare and... Read more

Including Millennial Workers in 401k Plan Design

January 2019

Compensation, Contributions, Distributions, Plan Design, Retirement Plans

Businesses all over the United States are seeing changes in their workforce as baby boomers begin to retire and more and more millennials enter the workforce. In fact, according to a U.S. Bureau of Labor Statistics study, millennials became the... Read more