Tag Archives: 401(k) plan sponsors

SAY YES TO GOING GREEN

As environmental consciousness continues to grow, our consciousness as a firm grows. We began embarking on a paperless initiative early last year and continue to do so. To date, we have 358 clients with their trust information online and we … Continue reading

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Income Tax Reduction with IRS Approval

Client Perceptions – Whether justified or not, clients frequently gauge their accounting and financial advisors by how much income tax they pay and how their advisors help them reduce their taxes. Higher Income Tax Rates – Especially with increased income tax rates, the ability … Continue reading

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Know Your Own Limits – Your 415 Limits

A defined contribution plan must limit the annual additions that are allocated to a participant’s account. The limit (known as the “415 limit” for the Internal Revenue Code section containing the rules) is the lesser of 100% of a participant’s … Continue reading

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Considerations for Plan Sponsors Thinking About Pre-funding Employer Contribution

Recently, IBM was roundly criticized for announcing that it would no longer make matching contributions to its 401(k) plan on a periodic basis and would make its employer contribution on an annual basis after the end of the year.  Plan sponsors often ask … Continue reading

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WHAT ARE THE 2013 PLAN LIMITS?

Contribution amounts that can be made to qualified retirement plans are governed by certain limitations. These limits, determined by the IRS and influenced by cost of living measures, can change every year. There are changes that apply to 2013, although … Continue reading

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Summary Annual Report (SAR)

The Summary Annual Report, more commonly referred to as the SAR, is an annual report summarizing the retirement plan’s financial activities as reported on the Form 5500 filed with the Internal Revenue Service (IRS).  The Department of Labor (DOL) requires … Continue reading

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Designated Roth Accounts

Effective for plan years beginning on or after January 1, 2006, employers can add a Designated Roth 401(k) feature to their 401(k) retirement plans. A Roth 401(k) feature allows participants to make after-tax 401(k) deferrals. A traditional 401(k) deferral is … Continue reading

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