by Natalie Harris | Jul 11, 2025 | Uncategorized
At The Pension Source, we’re more than just a service provider, we’re your partner in retirement plan success. Staying proactive now can help you avoid the last-minute rush and ensure compliance with key requirements like nondiscrimination testing, contribution...
by Natalie Harris | May 12, 2025 | Pension Pulse
Cash balance plans are a powerful retirement savings tool, but they come with specific rules about who can participate and how benefits are distributed. Employers have flexibility in determining eligibility for both 401k and cash balance plans, but they must comply...
by Natalie Harris | Nov 12, 2024 | Uncategorized
December 1st Participant Notices – Annual notices due for Safe Harbor elections (note that some plans are no longer required to distribute Safe Harbor notices), Qualified Default Investment Arrangement (QDIA), and Automatic Contribution Arrangements (EACA or QACA)....
by Natalie Harris | Nov 12, 2024 | Uncategorized
Required Minimum Distributions (RMD) should be paid by December 31 each year to participants who have reached age 73. However, a participant may elect to delay their first distribution until April 1 of the following year. If the first distribution is delayed, two...
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...
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