SECURE Act 2.0: Catch-Up Contributions for High-Earning Employees
UPDATE: On August 25, 2023, the Internal Revenue Service (IRS) released guidance that addressed Section 603 of the SECURE 2.0…
Dealing with Former Employees with Accounts Under 401(k) or 403(b) Plans
Key TakeawaysEmployers must provide certain notices and disclosures to not only existing participants, but also to terminated participants with account…
SECURE Act 2.0 Becomes Law: Highlights of the Changes Affecting Retirement Plans
On Dec. 29, 2022, President Biden signed the Consolidated Appropriations Act into law which also contained the SECURE 2.0 Act…
Year-End Reminders for 401(k) and 403(b) Plans
The end of the year means upcoming due dates for many calendar-year qualified plans such as 401(k)s and 403(b)s. And…
Sept. 9: Happy National 401(k) & 403(b) Day!
Started in 1996 by the Plan Sponsor Council of America (PSCA), Friday following Labor Day was chosen as the “401(k)…
How to Increase Employee 401(k) or 403(b) Participation
A 401(k) or 403(b) plan is a powerful retirement savings vehicle for employees as well as an important employee benefit…
401(k) and 403(b) Plans: The Importance & Benefits of Offering Employer Match
Beyond being a remarkably attractive employee benefit in today’s hot job market, a 401(k) or 403(b) plan can incentivize employees…
401(k) & 403(b) Plans: 8 Red Flags That Could Trigger a DOL or IRS Audit
For most Americans, any letter from the Internal Revenue Service (IRS) or Department of Labor (DOL) sparks fear, especially a…
Non-Governmental Tax-Exempt Organizations: 401(k) or 403(b) Plan?
Whether you’re a plan sponsor, financial advisor or CPA, or other service provider in the industry, we know that there…
Three Things That Separate a Great TPA from a Good TPA
The name “Third-Party Administrator” (TPA) does not precisely express the job. Instead, a more suitable phrase would be “Retirement Plan…