by Deanna Fisher | Feb 1, 2022 | Uncategorized
SECURE Act Provisions for Long-Term Part-Time Employees Historically, 401(k) plans could exclude individuals who worked less than 1,000 hours in the plan year. However, in its effort to expand access to employer retirement plans, the Setting Every Community Up for...
by Deanna Fisher | Feb 1, 2022 | Uncategorized
Navigating the Labyrinth of Required Minimum Distributions Since the passage of the Tax Reform Act of 1986, taxpayers have been required to withdraw previously untaxed dollars from their qualified plan and IRA accounts. These withdrawals are called Required Minimum...
by Deanna Fisher | Nov 16, 2021 | Uncategorized
Participant Distribution Fraud in the “New Normal” The Coronavirus pandemic, without a doubt, has changed the way we do business. It has also created some unanticipated vulnerabilities. For instance, since the start of the “new normal,” there has been an increase of...
by Deanna Fisher | Nov 16, 2021 | Uncategorized
Form 5500 Filing Extension for FEMA Designated Disaster Areas On August 31st, 2021, the IRS issued guidance extending tax filing deadlines for Form 5500 in areas designated by the Federal Emergency Management Agency (FEMA) as qualifying for assistance due to Hurricane...
by Deanna Fisher | Nov 16, 2021 | Uncategorized
Save More for Retirement in 2022 On November 4, 2021, the IRS announced the Cost of Living Adjustments affecting the dollar limitations for retirement plans for 2022. In October, the Social Security Administration announced a benefit increase of 5.9%, the largest...
by Deanna Fisher | Aug 10, 2021 | Uncategorized
Looking to Maximize Savings? Cash Balance Could Be the Answer! So, you established a 401(k) plan for your company and have been contributing consistently for years. The plan has likely afforded your company significant tax savings and has allowed you to attract and...
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