Resource Center - Page 2 of 9 - Noble Davis Consulting, Inc.

Paycheck Protection Program and Retirement Plans

June 2020

CARES Act, Contributions, Coronavirus, Retirement Plans

The Paycheck Protection Program (PPP) was established by the Coronavirus Aid, Relief and Economic Security Act (CARES). The PPP offers loan forgiveness if the spending is for payroll costs. Payroll costs include employer retirement plan contributions. By funding retirement plan... Read more

Why We Ask a Lot of Questions

June 2020

General, Retirement Plans

We just wanted to provide a little explanation of what needs to be done for a retirement plan every year to meet IRS and Department of Labor requirements and why we need to ask… Lots of Questions! Retirement plans are... Read more

Is your business ready for a disaster?

June 2020

General

They say that the road to an unhappy life is to play the “What-If” game. This is where you take a situation and overanalyze it to try and figure out what you would do if several different events took place.... Read more

Offering your Employees a 401(k): Benefits and Options Overview

May 2020

Compensation, Plan Design

When considering whether to offer your employees a retirement savings option, you might think you really only have two options – a traditional pension or a 401(k). There’s quite a bit more complexity to it than that, but before we... Read more

Other Coronavirus Concerns

May 2020

Coronavirus

Even with the relief offered by the CARES Act, the Coronavirus is having a significant effect on many business operations. This article discusses some of the additional retirement plan issues related to economic downturns. Reducing 401(k) and Profit Sharing Contributions... Read more

Navigating the CARES Act

May 2020

CARES Act, Coronavirus

The CARES (Coronavirus Aid, Relief, and Economic Security) Act was signed into law on March 27, 2020. It allows three optional provisions, expanding the rules for loans and distributions for eligible participants. They are: Penalty-free withdrawals for coronavirus-related distributions (CRDs)... Read more

The Slow Return to Normal

May 2020

Coronavirus

As you are likely aware, Ohio Governor DeWine has established a plan to gradually reopen Ohio’s economy. The governor’s plan takes a balanced, phased-in approach that allows certain business activities to resume while ensuring necessary safeguards are in place to... Read more

Managing Flexwork – The New Normal

April 2020

Compensation, Plan Design

Working flexibly had been on the rise even before the current pandemic led to everyone who can grabbing their laptops and setting up home offices. While many firms may have suddenly found themselves forced to find ways to help employees... Read more

Coronavirus Update

April 2020

CARES Act, Coronavirus

The CARES (Coronavirus Aid, Relief, and Economic Security) Act was signed into law on March 27, 2020. It makes three major changes to retirement plans. The loan and distribution provisions are optional and do not have to be adopted by... Read more

Settling Into The New Normal

April 2020

Coronavirus

Like a lot of companies throughout the country, Noble-Davis has had the vast majority of its employees working from home for the past few weeks. Turns out setting up computers and phones was not the biggest obstacle for some employees,... Read more