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…
401(k) vs. 403(b) Plans: Key Differences and Similarities
As a small business owner and as someone who has been working with businesses and nonprofit organizations for over a…
Furloughs Vs. Layoffs: How Do They Impact Employee Retirement Plans?
With the COVID-19 wreaking havoc on the U.S. economy, many small businesses and organizations have no choice but to furlough…
Must We Opt Into the CARES Act Retirement Plan Relief? In Other Words, Are We Required to Extend These New Distribution and Loan Provisions to Our Plan Participants?
The 401(k) and 403(b) Experts at NESA Plan Consultants regularly receive questions from plan sponsors, financial advisors, CPAs, and other…
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…