Employers who sponsor defined benefit or cash balance plans may decide one day that the contribution requirements are too high or that they would prefer to provide retirement benefits through a 401(k) plan instead. In these cases, the companies might...
February
23
2017
A Deeper Look at Cross-Testing
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), Retirement, Financial Planning
with No Comments
This is Part 2 in a two-part series on the mechanics of cross-testing.
February
16
2017
EBARs: The First Step in Cross-Testing
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), Retirement, Financial Planning
with No Comments
This is Part 1 in a two-part series on the mechanics of cross-testing.
February
06
2017
For Big Tax-Deductible Contributions, Consider a Defined Benefit Plan
Posted by David J. Kupstas, FSA, EA, MSEA
in Retirement, Tax Strategy, Financial Planning
with No Comments
Small business owners who are looking for tax-deductible retirement contributions greater than those available in a 401(k) plan should consider adopting a defined benefit (DB) plan.
January
24
2017
Are you aware that you may not be optimizing your 401(k) plan to its full potential? As a plan sponsor, you’ll want to examine all of the possible strategies to implement in order to reap the greatest benefits from investing in a qualified retirement...
December
02
2016
11 Things You May or May Not Know About Family Attribution
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), Retirement, Financial Planning
with No Comments
Note: This article was published in 2016. The SECURE 2.0 Act of 2022 made changes to certain rules relating to family attribution. As such, some information in this article may be outdated. When you own a business and sponsor a qualified retirement p...
November
11
2016
Controlled Group Rules Require Multiple Businesses to Be Treated as One
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), Retirement, Financial Planning
with No Comments
Under the controlled group rules, two or more business entities with common ownership are to be treated as a single employer for qualified retirement plan purposes. A company sponsoring a retirement plan may need to provide those same benefits for em...
November
02
2016
2017 Qualified Plan Limits Announced
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), Retirement, Financial Planning
with No Comments
Autumn is here, which means leaves are changing color, football season is in full swing, and it’s time for government agencies to release new retirement plan limits for the upcoming year.
October
26
2016
Age 62 is the earliest a worker may begin collecting Social Security retirement benefits. Is that the best age to start, or is it better to wait until the “full” Social Security retirement age (now 66) or perhaps even later? Let’s take a look at some...
October
20
2016
Retirees on Social Security may soon be able to afford an extra cup of coffee or sandwich each month, but not much else. The Social Security Administration announced this week that monthly Social Security and Supplemental Security Income (SSI) benefi...