by Deanna Fisher | Feb 6, 2023 | Uncategorized
Stay tuned! Secure 2.0 Act of 2022 includes some action items that may produce beneficial changes in the future. Within 18 months: Effectiveness of notice provided for eligible rollover distributions: A 402(f) notice, often referred to as a Special Tax Notice, must be...
by Deanna Fisher | Feb 6, 2023 | Uncategorized
Is it already time to complete another year-end data request? When Plan Sponsors are asked to provide company and employee census information for a recent plan year, the details being collected affect the contributions that must be calculated and funded as well as...
by Deanna Fisher | Feb 6, 2023 | Uncategorized
SECURE 2.0 is a GO! In 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act increased the Required Minimum Distribution (RMD) age for retirement plan participants from age 70 1/2 to 72. Additionally, it introduced opportunities for Long Term...
by Deanna Fisher | Nov 4, 2022 | Uncategorized
Deadline for CARES Act and SECURE Act Amendments Extended The original due date of the CARES Act and SECURE Act amendments for qualified plans, other than governmental plans, was the last day of the first plan year beginning on or after January 1, 2022, which means...
by Deanna Fisher | Nov 4, 2022 | Uncategorized
Save or Toss? Proper Plan Record Storage a Must! As the year comes to a close, you may wonder what plan records must be kept and what items can be tossed. Historical plan records may need to be produced for many reasons: an IRS audit, a DOL investigation or simply...
by Deanna Fisher | Nov 4, 2022 | Uncategorized
New Plan Year Checklist Each year, a great deal of attention is paid to the upcoming year end work: census gathering, compliance testing, 5500s, oh my! But the year-end also brings with it a host of items that may need attention before the year closes. Below are a few...
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