Mary Beth’s Corner

Category: IRS Notices

Simplified Form 5500 Reporting: New Regulations

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.

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The Year End Glee of RMDs

With 2023 rapidly approaching, it’s important to keep up with year-end IRS requirements and make the necessary communications around RMD rules for employees.

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Saver’s Tax Credit

Most know that making eligible contributions to your IRA or employer-sponsored retirement plan may be tax deductible, but did you know that you may also be eligible for a tax credit?

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New Year, New Limits

The IRS has published the 2023 contribution limits reflecting cost-of-living adjustments from the past year.

Read below for a brief overview highlighting some of the key increases in limitations.

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Hurricane Ian Retirement Plan Relief

My Benefits is continuing to monitor news around Hurricane Ian and report retirement plan relief efforts as they’re announced.

It is our commitment to keep you informed and up to date on specific relief provisions declared by the IRS

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