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Alliance has acquired Reed-Ramsey, Inc.

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Alliance has acquired Reed-Ramsey, Inc.
Deerfield, IL. -- Alliance Pension Consultants, LLC (Alliance) has acquired Reed-Ramsey, Inc., a pioneer in the retirement plan industry that has been providing recordkeeping, actuarial, compliance and human resources consulting to corporations since 1940. Reed-Ramsey, headquartered in Oak Brook, IL, has been consistently chosen by employers striving to optimize their resources.Robert Reed, President, and Reed-Ramsey’s team of administrators (each with over 20 years of experience) wil...
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Understanding the CARES Act

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Understanding the CARES Act
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a massive relief bill for those suffering as a result of the Coronavirus pandemic, was signed into law. Besides the generalized financial relief afforded to individuals, as well as loans and other concessions for businesses, the bill includes the following provisions to help participants and employer sponsors of retirement plans.Coronavirus-Related DistributionsThe bill permits “coronavirus-relat...
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CARES Act Frequently Asked Questions

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CARES Act Frequently Asked Questions
Below are a few short Q & A topics that you may find relevant. These are intended to be a guide and should not be construed as specific advice relative to your plan. Of course, we welcome you to contact us to discuss your specific situation.Changes Related to Employer ContributionsChanges Related to DistributionsChanges Related to Loans Q & A – Changes Related to Employer Contributions Q1.  Has the IRS extended the deadline for 2019 employer contributions?A1.  N...
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How the SECURE Act is Changing Retirement

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How the SECURE Act is Changing Retirement
On December 20, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law.The SECURE Act represents some of the most significant changes to retirement plan law since the passage of the Pension Protection Act of 2006, over thirteen years ago. The provisions of the Act are broad ranging and span many different effective dates.Financial Help for Plan SponsorsThough tax credits have been in place to help offset the cost of adopting a new retirement plan, the SE...
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The Final Rule on Hardship Distributions

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The Final Rule on Hardship Distributions
On Sept. 23rd, the IRS published a final rule that relaxes several existing restrictions on participant hardship distributions from defined contribution plans.Some of these changes are mandatory, requiring employers to make the changes by Jan. 1st, 2020, while others are optional. Though the IRS had issued the proposed regulations in 2018, the final regulations clarify a few key provisions: The Loan-First Rule. The new rule removes the requirement that participants exhaust their ability to take ...
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