Are you maximizing retirement security for your clients? Learn how to expertly navigate ERISA standards and select guaranteed income providers that can transform retirement outcomes for plan participants.
Unlock the secret to a worry-free retirement: guaranteed income streams! Discover four powerful strategies to help your clients secure financial stability for 30 years or more, even as lifespans continue to increase.
Employers may now consider retroactively adopting a tax-qualified retirement plan such as a profit sharing plan, cash balance plan, or traditional defined benefit plan, for the purpose of making tax deductible employer contributions before their extended corporate tax filing deadline.
Elevate your retirement planning expertise and deliver unparalleled value to your clients! Discover four essential guaranteed income strategies that can help your clients secure financial stability for 30+ years, even as lifespans continue to increase.
Seize the opportunity to upgrade your clients’ retirement plans mid-year! Learn how SECURE 2.0 allows for seamless transitions from SIMPLE IRAs to Safe Harbor 401(k)s, offering enhanced benefits and flexibility for growing businesses.
The IRS has released the retirement plan contribution limits for 2024.. read more!
Thanks to new regulations, for reporting purposes, the inclusion of eligible but non-participating employees will no longer be the methodology used when determining the number of participants– only participants and beneficiaries with account balances will be considered.
By 2025, most startup retirement plans will be required to automatically enroll new employees into their plan, unless they opt out, at an initial 3% employee deferral rate with auto escalation. – Sound familiar?
Since employers contribute for slightly different reasons, those contribution due dates may vary depending on plan design. In other words, one set of rules may specify a deadline for compliance purposes, while another set of rules requires a different deadline for tax deduction purposes.
The House and Senate have passed the Consolidated Appropriations Act of 2023, which includes a grouping of retirement plan provisions better known as, “SECURE 2.0”.
On December 23, 2022, the bill was presented and signed into law by President Biden.
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