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 | Nov 1, 2024 | Uncategorized
News You Can Use! for Advisors and CPAs Earlier this year, the IRS issued guidance via Private Letter Ruling 202434006, which highlights significant flexibility for employers in structuring its benefit plans. The ruling paves the way for employers to offer tailored...
by Taylor Brown | Oct 17, 2024 | Uncategorized
The IRS has issued guidance via Private Letter Ruling 202434006, which highlights significant flexibility for employers in structuring its benefit plans. The ruling paves the way for employers to offer tailored benefits packages that cater to individual employee...
by Taylor Brown | Jul 18, 2024 | Pension Pulse
One of the most frequently asked questions we receive is whether we can create a “mega backdoor Roth” inside a client’s 401(k) plan. While a lot of inquirers believe this is one simple box to check inside a plan, it in fact involves several steps and provisions that...
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