SECURE Act Revisited: Including Part-Time Employees in Retirement Plans
Signed into law in Dec. 2019, the SECURE (Setting Every Community Up for Retirement Enhancement) Act made some significant changes…
Retirement Plan Restatements: What Plan Sponsors & Advisors Need to Know
It’s that time again! About every six (6) years, the Internal Revenue Service (IRS) requires certain qualified retirement plans be…
BREAKING NEWS: IRS Releases Retirement Plan Contribution Limits for 2021
The Internal Revenue Service (IRS) just published retirement plan contribution limits for the upcoming year. Here are the highlights:Contribution and…
Retirement Plan Government Compliance: Four Errors That “Spook” the IRS
Businesses and organizations generally offer a retirement benefit plan to attract and retain top talents. Other great benefits a plan…
What is Form 5500 & What Plan Sponsors Need to Know About It?
Employers offering a workplace qualified retirement plan have to comply with certain government rules, such as filing annual returns/reports with…
Are We Allowed to Pay 401(k) or 403(b) Plan-related Fees from Our Plan Assets?
The 401(k) and 403(b) Experts at NESA Plan Consultants regularly receive questions from plan sponsors, financial advisors, CPAs, and other…
Retirement Plans: Coronavirus-related Distributions and Self-Certification
Since late March of 2020, CARES (Coronavirus Aid, Relief, and Economic Security) Act permits plan sponsors to allow retirement plan…
Retirement Plans: 2019 Form 5500 Due July 31 Or Extension Needed
The Form 5500 is an annual return/report, filed with the U.S. Department of Labor (DOL), that contains information concerning the…
LATEST NEWS: IRS Extends COVID-19 Retirement Plan Relief
The IRS announced a new rule impacting employees, their family members, and 401(k) and 403(b) plans. The new rule may…
Age 50 Catch-up Contributions: How It Works
Age 50 catch-up contribution is not anything new. In fact, it was first introduced by Congress almost two decades ago…