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IRS Announces 2020 Contribution and Benefit Limits

January 7, 2020

IRS Announces 2020 Contribution and Benefit Limits

The Internal Revenue Service (IRS) has announced that several contribution limits in qualified retirement plans will increase in 2020. This guidance provides cost of living adjustments affecting dollar limitations for 401(k), Profit Sharing and Defined Benefit pension plans and other retirement-related items for tax year 2020.

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What’s Your View of a Company Retirement Plan?

November 13, 2019

What’s Your View of a Company Retirement Plan?

Having had the opportunity to work with hundreds of employers throughout my career, I’ve know first-hand many employers are under the impression (or have enough experience to know), that retirement plans are a legal entity that must be handled by professionals. Some have chosen to leave their retirement plans on “auto-pilot,” only to learn later it was not handled correctly.

What is the best choice and how should a business owner view and select a company-sponsored retirement plan?

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Guidance Issued Relating to Uncashed Checks

September 27, 2019

Guidance Issued Relating to Uncashed Checks

An IRS ruling in August 2019 (Rev. Rul. 2019-19)  addresses when a check from a qualified retirement plan is mailed to a former employee, the amount is considered taxable income in that year, whether or not the employee cashes the check.

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401(k): Employee Benefit or Employer Benefit?

August 23, 2019

401(k): Employee Benefit or Employer Benefit?

While retirement savings plans can help employees prepare for their future, it’s also worthwhile to understand important 401(k) benefits for employers and how to best design 401(k) offerings to maximize the owner’s savings.

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I Can’t Get No Satisfaction

July 1, 2019

I Can’t Get No Satisfaction

Little did the Employee Benefits Research Institute (EBRI) know that Benefit Equity, Inc. (BEI) would be quoting The Rolling Stones when their latest retirement survey was released this year.

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