safe harbor

IRS Grants Temporary Relief for Safe Harbor Plan Sponsors

Byron T. Deese 401k Leave a Comment

For struggling 401(k) and 403(b) plan sponsors concerned about making mid-year safe-harbor contributions, new IRS guidance offers temporary relief. Typically, plan sponsors must meet specific regulatory requirements to reduce or …

contribution limits 2020

401(k) Contribution Limits for 2020 | Retirement Account Contributions

Richard Osikowicz, AIF® 401k, Retirement Plans, Investing, Personal Finance, Tax Planning For Individuals Leave a Comment

The Internal Revenue Service has updated retirement plan contribution limits for 2020 to benefit taxpayers across the board. The new guidelines affect not just 401(k)s but several other account types …

3(38) and 3(21) investment advisors

3(38) and 3(21) Fiduciary Investment Advisor Services

Byron T. Deese Business Management, 401k, Retirement Plans Leave a Comment

If you’re a retirement plan sponsor and/or administrator, did you know that you can outsource several key responsibilities for managing your company’s benefits package for your employees? For example, you …

401k nondiscrimination testing

401k Plans Must Pass Nondiscrimination Testing

Richard Osikowicz, AIF® Retirement Plans, Business Management, 401k Leave a Comment

Under IRS regulations, 401k plans must pass certain nondiscrimination tests in order to avoid fees, required withdrawals, additional employer contributions, or the cancellation of a plan altogether. The purpose of …

401k limit changes

Retirement Plans Have New Contribution Limits for 2019

Byron T. Deese 401k, Tax Planning For Individuals, Retirement Plans Leave a Comment

The IRS has announced new contribution limits for retirement accounts, effective this year. Before you make any 2019 contributions to an IRA, 401(k), or another tax-advantaged account, be sure to go …