Blog
June 3, 2019
Benefit Equity, Inc. 5th Annual Golf Classic Raises $5,500 for the Elderly In Southern California
Local retirement administration firm, Benefit Equity, Inc., recently raised $5,500 for Orange County’s Council on Aging with its 5th Annual Golf Classic. The event took place on May 17, 2019 at the Tustin Ranch Golf Club.
On April 1, 2019 the Senate Finance Committee introduced the Retirement Enhancement and Savings Act (RESA) of 2019, which mirrors the House Ways & Means Committee’s SECURE Act of 2019 that was unanimously approved in a vote by that committee.
With both acts receiving bipartisan support this is the best opportunity for retirement security legislation to pass Congress in more than a decade.
It’s hard to imagine Congress wanting to tax Americans who are diligently saving for retirement by investing automatically into their company retirement plans, but that’s what a newly proposed “transaction tax” appears to do.
March 4, 2019
New Rules for Hardship Distributions
When an employee participating in their company’s 401(k), 403(b), or Profit Sharing Plan has a financial need, most plans have a participant loan provision. If the financial need amounts to an “immediate and heavy financial need,” the plan can allow for a hardship distribution.
February 5, 2019
Deductibility Deadlines
To deduct the employer contributions made to your company retirement plan for any given year, plan contributions must be deposited no later than the due date (including extensions) of your federal tax return. Below is a summary of the deadlines for a calendar year tax filer.