July 08 2020

IRS Issues Further Details on Distributions and Plan Loans Under CARES Act

The CARES Act, signed into law on March 27, 2020, allows employees affected by COVID-19 greater access to money set aside for them in employer retirement plans.  As often happens, many details of this new law were not immediately clear.  We found our...

July 01 2020

401(k) Plan Design, Employee Engagement and Corporate Financial Performance

Many companies offer 401(k) plans as a benefit to help attract and retain talented employees, but most business owners and CFOs do not look at 401(k) plans in relation to corporate profitability. The plans are treated as a necessary expense, a cost o...

June 24 2020

Last Recipient of a Civil War Pension Dies Recently at 90

The last person to be receiving a Civil War-era pension has died. Irene Triplett, of Wilkesboro, NC, died on May 31 at the age of 90 due to complications from having fallen a few days earlier, according to the Washington Post and other news outlets. ...

June 17 2020

Understanding Your Role as a 401(k) Plan Sponsor: Am I a Fiduciary?

Retirement planning has become top of mind for many Americans in today’s economy. Fortunately, most businesses now offer 401(k) plans to attract new talent and compensate existing employees, helping them plan for their financial futures beyond their ...

April 22 2020

Coronavirus and Defined Benefit Plan Funding

This article is part of our continuing series on the coronavirus and its effects on qualified retirement plans.  Recently, we wrote about ways employees affected by the coronavirus could access money from their retirement plans.  Today, we are discus...

March 23 2020

Options for Accessing Retirement Plan Money Amid COVID-19 Outbreak

Amid the coronavirus (COVID-19) scare, we are getting reports that our clients are imposing layoffs, furloughs, and temporary shutdowns.  It makes sense; if people aren’t coming to your business, there’s no work for the employees to do and no money t...

February 06 2020

Issues with Independent Contractors and Pension Plans

A number of our retirement plan clients have independent contractors performing services for them.  There are often questions about whether these independent contractors can or should be covered in the company retirement plan.  The answer can be boil...

January 30 2020

What You Need to Know About the SECURE Act

By now you have likely heard about the SECURE Act recently passed by Congress. The Setting Every Community Up for Retirement Enhancement (SECURE) Act will increase access to workplace retirement plans and expand retirement savings, but what provision...

December 26 2019

Five Best Practices to Protect Your Retirement Nest Egg from Cybertheft

I remember when I was 10, there was no such thing as a debit card. In fact, growing up in the ‘80s meant no internet, no PayPal, no direct deposit or any type of remote banking. While they make things extremely efficient and easy for us, these techno...

December 18 2019

Which Account Should You Tap First When You Begin to Draw Retirement Income?

Congratulations on your retirement. You’ve been preparing for this moment over the course of multiple decades, saving and investing as you should in order to live your retirement years on your own terms. You’ve just received your final paycheck, and ...

1 2 3 4 5 ... 6 All posts