…may have profound implications for the retirement plan industry, employers, and individual savers. It may also eliminate or reduce deductions for home mortgages, health insurance, charitable contributions, and more. Significant tax reform would have been far more difficult without Republicans holding the majority in Senate,…
…Now may be as good a time as any to start the conversation. Different couples have different lifestyles According to the U.S. Department of Labor, 60.6% of married couples have two working spouses. However, not all employers offer retirement plans for their employees – particularly…
…answer is yes. We know, of course, that employers make Social security contributions of 6.2% up to the taxable wage base each year. So, on a percentage basis, the company actually contributes a smaller amount of pay for higher paid employees than it does for…
…their circumstances and more importantly, their goals. After all, we know that employers sponsor retirement plans for a variety of reasons: Some want to maximize the opportunity to save for their own retirement. For some, it’s important to provide a vehicle for their employees to…
…kits to employees qualifying to participate in a given employer’s retirement plan. This booklet contains important information about the retirement plan, including details about the importance of saving for retirement, eligibility, plan provisions and investment options. We had an instance with a client in which…
…Join us as we cover the most important features and how they impact you. Improved access to retirement savings plans—including changes to Safe Harbor plans Expanding savings opportunities, including increases in the minimum distribution age Distribution options to improve retirement security Tax credits for employers…
…out a loan – and there were no repayments taken out of her paycheck for two years. This was finally discovered during a regular plan audit, at which point the employee was assessed a penalty for making a withdrawal. Fortunately for her, the employer stepped…
…covered by its research, about two-thirds did not offer a withdrawal option and about three-quarters did not offer an annuity option. “Concerns about legal risks and record keeper constraints may deter many plan sponsors — typically employers that provide 401(k) plans and establish investment and…
…head into 2021 with the pandemic still in effect – we must assume, for the present, that the important dates for 2020 will remain in place next year. Therefore: April 30: The deadline for sponsors of single and multi-employer defined benefit pension plans to send…
…Allowing individuals to pay down a student loan instead of contributing to a 401(k) plan — while still receiving an employer match in their retirement plan. Making it easier for military spouses who change jobs frequently to save for retirement. Allowing individuals more flexibility to…
Who We Are Pentegra is a progressive, open minded organization. We’re an equal opportunity employer who prohibits discrimination in any form. What you are capable of matters, the rest doesn’t. If you are smart and good at what you do, come as you are. What…
…that would end up costing Treasury led to its ouster. Also dropped was a provision that would have expanded Internal Revenue Code Section 1042 to include sales of employer stock to S corporation employee stock ownership plans (ESOPs), with the idea reportedly to be revisited…