In the retirement plan industry, all too often we tend to conflate financial wellness with retirement readiness — whether that means confidence in obtaining retirement goals or being on track to reach post-employment financial targets. However, that limited view may … Read More
No one wants to be caught flat-footed when the auditors come calling. And with a new standard issued by the American Institute of Certified Public Accountants (AICPA), both the auditors and plan sponsors will be subject to new responsibilities. The … Read More
IRS Limits on Retirement Benefits and Compensation 2022 2021 2020 401(k), 403(b), 457 Elective Deferral Limit $20,500 $19,500 $19,500 Catch-Up Contribution Limit (age 50 and older) $6,500 $6,500 $6,500 Annual Compensation Limit $305,000 $290,000 $285,000 Defined Contribution Limit $61,000 … Read More
The number of notices and disclosures required to retirement plan participants has increased while methods to access information changed drastically. Many individuals receive their news and information on electronic devices through apps and social media. What remains the same is … Read More
Roth 401(k) Basics Elective deferral contributions to a traditional retirement plan are contributed on a pre-tax basis and help lower your current taxable income. Roth elective deferral contributions, however, are much like a Roth IRA in that contributions are made … Read More
CryptoCurrencies, Blockchain, Hash Generator, BTC, Ethereum…. If you weren’t sure if this was English, you are not alone. While Bitcoin is one of the biggest stories in today’s world, many still don’t understand what it is or how it works. … Read More
Putting your savings goals into perspective. A little bit can go a long way. The tables below show how money invested in your retirement plan can grow over time. For more information call 888.439.7071. *Percentage of salary. Values are for … Read More
Ongoing Litigation Against Colleges and Universities – Supreme Court agrees to review dismissal of lawsuit against Northwestern University Hughes v. Northwestern University The Supreme Court has granted a Writ of Certiorari and agreed to review the dismissal of the plaintiffs’ … Read More
Your retirement plan is a valuable resource for your employees and serves as a vehicle to attract and retain top talent. Ensuring plan success is crucial. Examining plan analytics can help evaluate its success. Plan analytics you should explore: Median … Read More