COVID-19: Retirement Plan FAQ
With everything happening around us right now and as we battle an invisible enemy, it’s understandable to have a lot…
Latest News: COVID-19 Retirement Plan Relief
It is without a question the novel coronavirus (COVID-19) is affecting the daily lives of everyday Americans as well as…
Should We Suspend Employee Deferrals After a Hardship Withdrawal Going Forward?
The 401(k) and 403(b) experts at NESA Plan Consultants regularly receive questions from plan sponsors, financial advisors, CPAs, and other…
SECURE Act Becomes Law: Highlights of the Changes Affecting Retirement Plans
The SECURE Act – which stands for “Setting Every Community Up for Retirement Enhancement” – was recently signed into law.…
Annual Employee Bonus: To Deduct or Not to Deduct 401(k) or 403(b) Contributions
It’s that time of the year again when many organizations will hand out employee bonuses. If you’re one of those…
Tool belt with hand tools . Work background on wooden board
Why Employers Should Use “Kaizen” Method When It Comes to Their Retirement Plan Design
The term “kaizen” is a Japanese word popularized by Toyota decades ago. It means “continuous improvement” or fixing things even…
IRS Announces Retirement Plan Contribution Limits for 2020
It’s that time of the year again! The Internal Revenue Service (IRS) has announced retirement plan contribution limits for 2020. …
Roth IRA vs. Roth 401(k): What is the difference?
The 401k and 403(b) experts at Nesa Plan Consultants regularly receive questions from plan sponsors, financial advisors, CPAs, and other…
The 4-1-1 on CalSavers, California’s state-run retirement plan
Key Takeaways State law mandates that all California employers with five (5) or more employees either offer a retirement plan,…
Will our 401(k) plan be required to perform CPA audit if we have more than 100 employees?
Background We are a growing business in Los Angeles with 90 employees, most of whom are 401k-eligible. Previously I worked…