Employee Benefit Plans
On December 15th, 2017 the House and Senate conference committee released the final version of the “Tax Cuts and Jobs Act,” a sweeping tax reform proposal. The Conference bill would impact virtually every individual and business on a level not seen in over 30 years. Please click below for a special report on key aspects of…
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There are various practices that retirement plan sponsors can utilize to reduce their outlays for younger employees, and those that relocate to other employers soon after being employed. The General Accountability Office (“GAO”) recently examined those plan design opportunities, and is signaling alarm bells. The GAO has communicated their apprehensions to Congress that these options…
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If your business offers a retirement plan, you can benefit in numerous ways. For example, the plan can help you attract and retain qualified employees. More than three-quarters of workers say a retirement plan is extremely important to them, according to the 2017 report, Value of Workplace Benefits: Findings from the 2016 Health and Voluntary…
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It can be extremely costly if you miss the filing deadline for Form 5500, Annual Return/Report of Employee Benefit Plan, for retirement and health and welfare plans. It is important to have safeguards in place to avoid any penalties by ensuring that meeting filing deadlines never falls between the cracks. Adding Up Penalties If you…
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Stable value funds have staged a comeback recently, despite very low prevailing interest rates and a booming stock market. It’s been awhile since stable value funds reigned as a top investment choice for 401(k) plan participants, but don’t expect them to surpass target date funds as the top investment election for retirement investors. Types of…
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Recently, the Internal Revenue Service announced annual inflation adjustments on a number of tax provisions, as well as the tax rate tables for Individuals and estates / trusts. The majority of these provisions are increasing for the tax year 2018, which show adjustments to pension plan limitations, FICA tax and estate / gift tax limits.…
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