BackgroundThe Internal Revenue Service (IRS) published Notice 2024-03 on December 20, 2023, including a “2023 Cumulative List” outlining certain plan provision requirements and amendment deadlines. Plans using a pre-approved document are required to adopt interim...
Robert Loeb
Tax Talk – Winter 2024
(Read time 0:53) Welcome to the latest edition of Tax Talk. In this issue, we highlight upcoming crucial compliance deadlines and also provide a quick reminder for plan participants. (Dates below are for calendar year plans and companies.) Upcoming Deadlines January...
3 Did You Knows – Retirement Fun Facts
Millennials were the largest generation group in the U.S. in 2022, with an estimated population of 72.24 million. Born between 1981 and 1996, millennials recently surpassed baby boomers as the biggest group, and they will continue to be a major part of the population...
Securing Your Retirement: Newly Proposed Department of Labor Fiduciary Rules
The Department of Labor (DOL) has proposed a new rule to enhance protection and transparency for financial advice within retirement plans. The Retirement Security Rule: Definition of and Investment Advice Fiduciary was drafted to update the definition of investment...
Navigating Change: Some Changes to the Attribution of Ownership Rules
As a plan sponsor, it is important to understand your organization’s ownership structure to ensure compliance with the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code (IRC). Neglecting a controlled group or affiliated service group member...
Tax Talk – Retirement Plan Compliance Deadlines
(Read time 1:49) In this edition of Tax Talk, we provide updates on critical compliance deadlines for defined contribution (DC) plans. The schedule provided below assumes your plan operates on a calendar year basis. December 1st, 2023 Various annual notices must be...
Legislative Highlights
Supercharging Retirement Plan Fixes: IRS Revamps EPCRS with SECURE 2.0 The Internal Revenue Service (IRS) rolled out fresh guidance about the Employee Plans Compliance Resolution System (EPCRS) and its expansion under the SECURE 2.0 Act in the form of Notice 2023-43...
Retirement Did You Knows?
Online Retirement Planning Resources. Below are several valuable websites that may be beneficial for plan sponsors and retirement plan professionals: Employee Benefits Security Administration (EBSA) - https://www.dol.gov/agencies/ebsa Internal Revenue Service (IRS) -...
Benefit from New and Enhanced Tax Credits!
This articles covers: What Are the Available Tax Credits When Starting a New Retirement Plan? Startup Tax Credit Employer Contribution Tax Credit Auto-Enrollment Tax Credit Now is the Best Time Than Ever to Start a New Retirement Plan! See details on this...
Investment Advisory Roundtable Recap
Recently, we hosted a spirited roundtable meeting with a select group of advisors who specialize in retirement plans. Our objective was to delve into pertinent industry topics and trends, share fresh ideas, and explore how we can further help you and our mutual...