Offering a retirement plan to your employees is one of the best decisions your company can make. Qualified retirement plans like 401(k) plans offer tax benefits to your employees and your business while also serving as a powerful employee recruiting ...
September
07
2016
An apparently erroneous response in a recent financial advice column has inspired us to share some basic rules about Required Minimum Distributions (RMDs) from qualified retirement plans. RMDs are sometimes called “70½ distributions” because that is ...
August
31
2016
Is it my imagination or do we get busier as the fall months come and go at an accelerated pace? Oftentimes, our hectic schedules result in a “priorities first” business model and our 401(k) plan gets put on the back burner. Here are 10 tips for plan ...
August
17
2016
How to treat nonresident aliens for qualified retirement plan purposes is often misunderstood. Are nonresident aliens allowed to participate in U.S. plans? Do you have to cover them? And what is a nonresident alien anyway?
August
05
2016
Complete Form 8955-SSA Correctly So Future Generations Won’t Hate You
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), Retirement, Financial Planning
with No Comments
If you were to receive a notice from the Social Security Administration saying you might be owed some money from a long-ago former employer’s retirement plan, you would probably think, “Cool. I’m owed some money from a long-ago former employer’s reti...
July
08
2016
Talk to Your Doctor…Er…TPA Firm about Cross-Testing
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), Retirement, Financial Planning
with No Comments
You can’t have the TV on very long before one of those ads for the latest prescription drug comes on. “Ask your doctor whether Incredipill is right for you.” Why would a commercial tell me to ask my doctor about a drug? If the medicine is right for m...
June
20
2016
If your 401(k) plan allows participant loans, here are 10 rules that will keep you out of trouble and in good graces with the IRS and Department of Labor:
June
01
2016
What Does Retirement Plan Disqualification Mean?
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), Retirement, Financial Planning
with No Comments
Did your parents or a teacher ever threaten you with dire consequences in order to correct an undesirable behavior? “If you cross your eyes, they’ll get stuck that way.” “Young man, this will go on your permanent record!”
May
10
2016
Four Great Things the IRS Has Done for Us Recently
Posted by David J. Kupstas, FSA, EA, MSEA
in 401(k), Retirement, Financial Planning
with No Comments
Right now, I am loving me some IRS. The agency everyone loves to hate each April 15 has been on quite a roll lately with some really great news for those of us in the 401(k) and pension world. Here’s what they’ve done this year:
April
22
2016
Earlier this month, the Department of Labor (DOL) released its long-awaited Conflict of Interest Rule, and the investment industry is still parsing through the language to gauge how it will impact business models.