Apr 15, 2021 | Plan Sponsors, Retirement Plans
Plan sponsors across the country are preparing for the Cycle 3 restatement set forth by the IRS. A restatement is a rewrite of retirement plan documents to include recent legislative and regulatory changes that occurred since the last restatement. The IRS requires...
Feb 18, 2021 | Government Regulation, Retirement Plans
As part of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act, a $325 billion title has been assigned to the Paycheck Protection Program or PPP. The PPP loan program’s purpose is to assist businesses with hardships surrounding the...
Jan 12, 2021 | Retirement Plans
A tax-deferred retirement plan is a retirement account that allows participants to postpone paying taxes on their invested money until it is withdrawn at retirement. The contributions into the account are made with pretax dollars which results in a lower income...
Dec 15, 2020 | Retirement Plans
When it comes to saving and preparing for retirement, there has been a continuing retirement savings crisis across the country. In response to this crisis, some states have introduced mandatory automatic enrollment plans for employers in these states to offer a state...
Nov 18, 2020 | Government Regulation, Retirement Plans
The Setting Every Community Up for Retirement Enhancement or SECURE Act was established in December 2019 and became law as of January 2020. This new legislation is now the largest retirement reform to impact the economy since the Pension Protection Act of 2006. The...
Oct 14, 2020 | 401(k), Government Regulation, Retirement Plans
Choosing the right retirement plan can be difficult, especially when it comes to understanding the ins and outs of every option available today. In recent years, Davis-Bacon 401(k) retirement plans have been on the rise in popularity specifically for individuals...
