Employee Benefit Plans Articles
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.
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.