When businesses offer a 401(k) or nonprofits provide a 403(b) plan, they give employees the opportunity to save for a…
Key TakeawaysAdhering to ERISA guidelines and maintaining meticulous records are crucial for protecting participant interests and ensuring regulatory compliance in…
Key TakeawaysThe updated Form 5500 rule now counts only participants with account balances at the beginning of the plan year…
Spring is in full swing, and while you're busy dusting off shelves and decluttering closets, don't forget about giving your…
Key TakeawaysDiscrepancies between the SPD and the employee handbook often stem from updates, different departmental management, and lack of regular…
Key TakeawaysSurvey reveals significant lack of awareness among small business owners regarding 401(k) startup tax credit and other incentives for…
UPDATE: On August 25, 2023, the Internal Revenue Service (IRS) released guidance that addressed Section 603 of the SECURE 2.0…
Key TakeawaysEmployers must provide certain notices and disclosures to not only existing participants, but also to terminated participants with account…
Key TakeawaysOwner-only Solo 401(k)s is a great way for business owners to pay less taxes, including being able to tuck…
On Dec. 29, 2022, President Biden signed the Consolidated Appropriations Act into law which also contained the SECURE 2.0 Act…