Archive by tag: 401(k)Return
RSS

Under the New Tax Law

posted on
Under the New Tax Law
After many rounds of negotiations, Congress passed the Tax Cuts and Jobs Act on December 20th, 2017.  Though retirement plan limit reductions were included in many iterations of the bill, the ultimate effect on qualified plans was relatively minimal.  There are two items of note that were included in the new law affecting loan repayments and IRA conversions.401(k) Loan Payback Period gets extended!Many defined contribution plans include provisions for a participant to take a loan from ...
Read More
| Categories: Articles | Tags: tax law, 401(k), loan, IRA

401(k): A to Z

posted on
401(k): A to Z
Although it's certainly true that not enough Americans are saving for retirement, it's also true that the many millions who are saving do so through an employer-sponsored defined contribution 401(k) plan. And as you may well know, 401(k) plans tend to generate a considerable amount of financial activity. The mobility of today's workforce means employees often request distributions when they move from one employer to another. Rollovers are common, too, as are hardship withdrawals.
Read More
| Categories: Articles | Tags: 401(k)

Keeping Abreast of Plan Loan Rules

posted on
Keeping Abreast of Plan Loan Rules
The first question on many FAQs for 401(k) plans is: How do I borrow from my plan? But just because the question is often asked, doesn’t mean the answer is simple. In fact, the rules governing retirement plan loans are rather complex because they are designed to protect consumers and employers from misuse of funds, tax complications and other potential pitfalls.
Read More
| Categories: Articles | Tags: 401(k), loan, regulations, compliance

Managing the Inevitable

posted on
Managing the Inevitable
This month's newsletter is all about "Fun with Forfeitures." Can forfeitures be fun? Does alliteration - finagling forfeitures, fooling around with forfeitures, finessing forfeitures - make it more fun than it really is? Probably. But for businesses managing retirement plans, forfeitures (when a plan participant forfeits a non-vested portion of his or her account) is essentially inevitable.
Read More
| Categories: Articles | Tags: forfeiture, 401(k)

Getting It Right: Your Form 5500

posted on
Getting It Right: Your Form 5500
If your business offers a 401(k) plan—or another type of qualified retirement plan—you have been completing and submitting a 5500 form every year since the plan was initiated. And every year the IRS, the Department of Labor and the Pension Benefit Guaranty Corporation use the information contained in the 5500 to assess your plan’s compliance and its ability to protect the employees who are contributing.
Read More
| Categories: Articles | Tags: 401(k), Form 5500
Page 1 of 4 FirstPrevious [1]234 Last

Tags

 

Have questions how this information applies to your situation?
Reach out us. We’re here to help.

(847) 291-9440