(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...
Articles
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...
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...
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) -...
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...
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...
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...
Summer 2023 Tax Deadline
You might be interested in an important compliance deadline coming up for defined contribution plans and a quick reminder about filing IRS Form 5500. October 16th - Extended deadline to file IRS Form 5500 to the Department of Labor (DOL) for plans with a December 31st...