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Employee Benefit Plans Articles

 

Establishing a Tax-Favored Retirement Plan: A Strategic Move for Your Business

Establishing a Tax-Favored Retirement Plan: A Strategic Move for Your Business

Posted by Austin Robare on April 15, 2024

A retirement plan is a valuable benefit for any business. If you’re self-employed and have a SEP-IRA, you can put in up to 20% of your self-employment income, with a limit of $69,000 for 2024 (increase from 2023). If you work for your own corporation, up to 25% of your salary can go into your account, with the same limit of $69,000 for 2024.

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403(b) Plan Changes Through 2026 Impact Nonprofit Organizations

403(b) Plan Changes Through 2026 Impact Nonprofit Organizations

Posted by Thomas Burns on February 14, 2024

As discussed here, the SECURE Act 2.0 has many changes that affect 403(b) retirement plans. It is important that your organization stays current on all regulatory rules and the enhancements available to your employees.

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What Plan Sponsors Need to Know About DOL Enforcement and Red Flags

What Plan Sponsors Need to Know About DOL Enforcement and Red Flags

Posted by Thomas Burns on August 27, 2019

Plan sponsors are ultimately responsible for plan administration and operation and should know what to expect if they are selected for a Department of Labor audit.

 

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Predicting Future Performance

Predicting Future Performance

Posted by Sherry DelleBovi on June 14, 2019

CPAs don’t have a crystal ball, but they can estimate your company’s future performance.

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New Law Eases SBA Financing Rules for ESOPS

New Law Eases SBA Financing Rules for ESOPS

Posted by Michael Grimaldi on April 11, 2019

Small business owners looking to convert their organization to an employee-owned company may have an easier path thanks to a new law signed by President Donald Trump last year.

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Remittance Schedules: How to Know and Meet Your Deadlines

Remittance Schedules: How to Know and Meet Your Deadlines

Posted by Thomas Burns on February 13, 2019

Part of offering a defined contribution plan, whether a 401(k) or a 403(b) plan, is making sure that the money participants contribute from their paycheck is deposited in their retirement account in a timely manner. While this might seem like a relatively minor and simple task in the scope of a plan sponsor’s fiduciary duties, the Department of Labor (DOL) views non-compliance with remittance rules as a major issue, and missing deadlines for deposits—even by a couple of days—can carry significant penalties.

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Plan Sponsors: Trends to Watch in 2019

Plan Sponsors: Trends to Watch in 2019

Posted by Thomas Burns on January 22, 2019

Last year brought many challenges to the employee benefits world: wide-ranging tax reform; European controls on electronic data protection; a divided United States Congress; market fluctuations; and persistently low unemployment, among others.

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