Blog
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.
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?
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.
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.
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.