Resource Center - Page 2 of 4 - Noble Davis Consulting, Inc.

Welfare Plans and Summary Plan Descriptions

October 2018

Do you offer any benefits to your employees on a pre-tax basis such as medical, dental, life insurance, Flexible Spending Accounts or Health Savings Accounts? Most employers offer at least one of these benefits but don’t always realize that there... Read more

A guide to Roth 401(K) contributions

August 2018

Contributions, Payroll

What is the difference between regular 401(k) contributions and Roth 401(k) contributions? When a participant defers pay to a regular 401(k) account, the amount is taken from their pay on a pre-tax basis. They won’t be taxed until they withdraw... Read more

Noble-Davis wins NorthCoast 99 Award

August 2018

General

Noble-Davis Consulting, Inc. is proud to be recognized by ERC as one of Northeast Ohio’s 99 best places to work! This is the ninth time that we have received the NorthCoast 99 award. “I am so excited and grateful to... Read more

Welfare Benefit Plan Disclosure Requirements

August 2018

Welfare Plans

Ever wonder if you are passing out the correct notices at the right time for your welfare benefit plans? Here is a handy guide that can help! As always, please contact your plan consultant with any questions! Document Type of... Read more

Welfare Plans – What’s the Difference?

July 2018

Welfare Plans

What type of plan do you have? Do you have a welfare plan, a section 125 plan, a cafeteria plan or a premium only plan? The terminology can be confusing. It’s time for some definitions. A Welfare Plan is any... Read more

New 401(k) Hardship Rules Beginning in 2019

July 2018

Distributions

Things are getting easier for participants who need to take a hardship withdrawal. Effective for plan years starting after December 31, 2018, and subject to a plan amendment, if your plan allows hardship distributions, participants will be able to withdraw... Read more

Do you need to “wrap” it up?

June 2018

Welfare Plans

Most employers provide some type of employee welfare benefit plan that are subject to ERISA requirements. Examples would be medical, dental, vision, disability or insurance programs. An employer sponsoring these plans needs a written contract with the insurance company and... Read more

Schwab Address Change

June 2018

General

Charles Schwab Bank has recently made some changes to their mailing addresses. If your plan has any accounts with Charles Schwab, you may need to update your records in order to avoid processing delays. Below are the affected addresses. As... Read more

Mergers and Acquisitions

June 2018

Plan Design

In this ever-changing business environment, your company may find itself acquiring another organization that has an existing qualified retirement plan. You need to let us know as soon as you are contemplating either a sale or a purchase of another... Read more

Are You in Compliance?

May 2018

Welfare Plans

Do you offer any of these benefits to your employees? Medical Dental Vision Disability Life Insurance Tuition Reimbursement Pre-Paid Legal Flexible Spending Account (FSA) Health Savings Account (HAS) Health Reimbursement Arrangement Most employers offer at least one of these benefits... Read more