Immediate impacts of SECURE Act 2.0.
On October 21, 2022 the IRS announced new contribution limits for tax-advantaged retirement plans.
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.
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]