(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...
Sherry Hedenberg
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...
$7,500 Raised at Golf Fundraiser
It was a great day for those who attended the Bob Ziegler Golf Outing Fundraiser on August 25th. The event included a shotgun start, contests, food, drinks, and socializing. All proceeds will benefit Bob Ziegler’s children. Special thanks to our sponsors, we could...
SECURE 2.0 Key Considerations
SECURE 2.0 introduced an extensive series of retirement plan provisions that can be both beneficial yet demanding , particularly in terms of application . Here are some key considerations for three SECURE 2.0 provisions that are top of mind. 1. Roth Only...
Retirement FYIs
Americans are giving up their full retirement benefits because they are fearful of Social Security running out of money. Only 10% of working Americans will wait until they are 70 years old to enjoy the maximum payments. * This...
What Do You Need To Know About “Long-Term, Part-Time Employees”?
First – Who is considered a Long-Term, Part-Time Employee (LTPTE)? Under current law, LTPTEs are any employee who, in each of the last three consecutive years (beginning in 2021), worked between 500 and 999 hours. And, this currently only applies to 401(k) plans....
2023 Brings Significant Changes To Form 5500
The Department of Labor (DOL) announced its annual revisions to the IRS Form 5500. What Is IRS Form 5500? Why Is It Important? An employer sponsoring a qualified retirement plan, covered by ERISA, must file IRS Form 5500 with the DOL and IRS each year...