by Natalie Harris | Nov 12, 2024 | Uncategorized
A catch-up contribution is available for plan participants starting in the year age 50 is reached. For these participants, the annual deferral limit can be exceeded by the catch-up amount. Keep the following in mind: The annual deferral limit is based on the... 
by Natalie Harris | Nov 12, 2024 | Uncategorized
As the time approaches to complete your annual data collection, you may be asked if any deposits to the plan were not made in a timely manner. Money withheld from a participant’s paycheck as pre-tax deferrals, Roth deferrals or loan repayments must be contributed to... 
by Natalie Harris | Nov 12, 2024 | Uncategorized
On November 1, 2024, the IRS announced the Cost of Living Adjustments (COLAs) affecting the dollar limitations for retirement plans for 2025. In October, the Social Security Administration announced a modest benefit increase of 2.5%. Retirement plan limits also... 
by Taylor Brown | Oct 17, 2024 | Uncategorized
It’s hard to believe, but summer is coming to an end. As we move into the fall, now is a great time to ensure plan sponsor clients are ready for year-end requirements. As a quick reference, included below are some common year-end notices for retirement plans and... 
by Taylor Brown | Oct 17, 2024 | Pension Pulse
Cash balance plans are becoming increasingly popular for higher income small-to-medium sized business owners. We recently published our cash balance primer (link) which goes into detail on the plan type. However, one topic we are frequently asked by plan sponsors and... 
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