Important Deadlines (May)
May 15 – Deadline for participant-directed plans to supply participants with the quarterly benefit statements for the March 31st quarter More deadlines
The CARES Act for Plan Sponsors
This is an unprecedented time. We are here to answer your concerns about the effect of the coronavirus on your retirement plan. On Friday March 27, 2020, the President signed the Coronavirus Aid, Relief and Economic Security Act (the CARES... Read more
The CARES Act for Participants
On Friday March 27, 2020, the President signed the Coronavirus Aid, Relief and Economic Security Act (the CARES Act). The CARES Act addresses many provisions for business and health care relief including support for retirement plans. In brief, plan distributions... Read more
Coronavirus Precautions
We at Noble–Davis Consulting are closely monitoring the Coronavirus pandemic and continually discussing our plan of action for our firm. As COVID-19 continues to spread globally, our thoughts go out to everyone who has been impacted by the evolving situation.... Read more
Retirement accounts – A new frontier for Cyber-Criminals
Remember the good old days when a criminal had to go through your trash or steal your purse to get ahold of your personal information? Crime was a tough business to be in and took some real skill and persistence.... Read more
Important Deadlines (Apr – May)
April 1st – Initial required minimum distribution (RMD) is due to participants who turned 70 ½ in 2019 April 15th – 402(g) distributions of excess deferral amounts are due to participants April 15th – Employer contributions are due to the... Read more
Why Employers Should be Working with Plan Consultants for Employee Benefits
WHETHER we like it or not, the benefits package on offer to employees is an essential part of the recruitment and retention process for our teams. Startups and small businesses are often simply not in a position to offer any benefits... Read more
What Benefits Do Employees Want the Most?
With unemployment at record lows in the United States and no apparent end in sight to the longest bull market in history, one downside for businesses is finding and keeping good people. Which is where the pressure is on business... Read more
Should I be withholding 401(k) if my employee leaves?
Determining what counts as compensation for your plan can sometimes be confusing, especially when you are paying amounts to participants who have left employment. When someone leaves employment, you may or may not be able to use their final compensation... Read more
Sell Your Employer Match
Most 401(k) plan sponsors offer their employees some type of matching contributions. The most common match, according to the Plan Sponsor Council of America, is 50 cents for every dollar an employee contributes to the plan, up to 6% of... Read more
