Solo K Plans Need TPAs Too
Solo K plans and why a TPA is beneficial.
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Cash Balance Pension Plans Offer Clients a Solution to Large Tax Burdens
Cash Balance Plans and Taxes
Immediate Impacts of SECURE Act 2.0 on the Retirement Industry
Immediate impacts of SECURE Act 2.0.
2023 Retirement Plan Limits Offer Significant Savings Potential
On October 21, 2022 the IRS announced new contribution limits for tax-advantaged retirement plans.
Clients Failing Nondiscrimination Testing? A Safe Harbor Plan Can Help (October 1 deadline)
One of the most common issues we see in 401(k) plans are failing nondiscrimination tests. A solution for these plans is to adopt a safe harbor provision.
New Lifetime Income Disclosures for Retirement Plans
This new participant disclosure must estimate the monthly income that a participant’s plan account balance could produce if paid in both a qualified joint and survivor annuity (QJSA) and a single [...]
5 Reasons a SEP Might Not be the Right Solution for Your Clients
A Simplified Employee Pension (SEP) IRA account is a common solution small business owners turn to for their retirement planning. There are many reasons to utilize SEPs including the overall ease [...]
Your Clients Should Reconsider Sponsoring a SIMPLE. Here’s Why.
CRS often speaks with financial advisors whose clients are seeking a “cost-effective” retirement plan option, and a common consideration is the SIMPLE IRA. The name notwithstanding, a SIMPLE IRA [...]
Get Clients MUCH Higher 2021 Tax Deductions Using this Overlooked Strategy
While the Biden administration was unable to pass its massive tax reform legislation through the Build Back Better Plan in 2021, many relieved business owners and financial advisors are given a [...]
Despite the Way Our Industry Sells Them, 3(16) Solutions Are Not Black and White
The term 3(16) Fiduciary has been a hot topic in the industry for the past few years, and for good reason. In 2020, the Employee Benefits Security Administration (EBSA) found violations of ERISA [...]