Resource Center - Page 2 of 5 - Noble Davis Consulting, Inc.

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

How to Meet Fiduciary Responsibilities for Your Small Business

January 2019

Beneficiaries, Plan Design, Retirement Plans, Welfare Plans

Let’s face it – reviewing your company’s retirement plan design every year can be tedious – and complicated. It can seem like a headache and a hassle – not only for you, but for your employees. After all, as shown... Read more

Happy New Year!

January 2019

General

During this season, we wanted to take a moment to show the appreciation we have for the relationship we have with you. We hope that the coming year will be a good one, bringing you continued success. In the spirit... Read more

New Limits for 2019

December 2018

Retirement Plans

For the year 2019, the IRS has made a number of changes to the various limits that govern 401(k) plans. Here are the plan limits for 2019. Please contact your plan consultant if you have any questions about what these... Read more

What is a Catch-Up Contribution?

December 2018

Contributions

Participants who make elective deferrals under an employer plan and have attained age 50 are eligible to make additional contributions above their normal Deferral Limit. What type of plans may permit catch-up contribution? If elected under the terms of the... Read more

W-2 Forms: What to Code

December 2018

Payroll

January 31, 2019 is the deadline for issuing Employee W-2 forms. The following guidelines may be helpful when preparing W-2 forms for a participant in a Defined Contribution plan: Box 12 – if any employee contributes (defers) pre-tax dollars, place... Read more

The Only Thing On Our Wishlist This Year

December 2018

General

We value your business. As the year comes to a close, we’d like to take the opportunity to thank you, Noble-Davis’s loyal clients and partners, for your continued commitment to experiencing the difference with our expertise and service. You may... Read more

Changes to Retirement Rules Being Considered

October 2018

General

Recently President Trump signed an executive order that asked the Department of Labor and the Department of Treasury to review certain aspects of how retirement plans operated. The executive order asks the DOL and Treasury to review the feasibility of... Read more

Loan Offset Rules Change

October 2018

Loans

If a participant has outstanding loan taken from the Plan at the time of distribution, it is typical for their plan benefit to be offset by the amount of the loan. The loan offset amount is treated as a distribution... Read more

Welfare Plans and Summary Plan Descriptions

October 2018

Welfare Plans

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