…per year from employer-sponsored retirement accounts and IRAs. It also would require that the borrower repay the withdrawn amount before another emergency distribution would be allowed. “Nearly four in ten Americans can’t afford a $400 emergency expense,” Bennet said. “I hear all the time from…
Cybersecurity is defined as the state of being protected against the criminal or unauthorized use of electronic data, or the measures taken to achieve this. What does this mean for your employer sponsored retirement plan? ERISA-covered plans often hold millions of dollars or more in…
…access to an employer-sponsored healthcare plan or a spouse’s plan, waiting at least until age 65 until they are eligible for Medicare can be beneficial. Alternative options include COBRA and private insurance, but both typically come with a higher cost. Social Security is always an…
…if so, who can make them and what limits (IRS and/or employer-imposed) may apply. And when I say, testy, I mean, after-tax contributions are included in several key IRS compliance tests that apply to 401(k) plans, including the actual contribution percentage (ACP) test, the annual…
…be more important than ever before. At the same time, offering the most attractive benefits packages to the most valued employees gains greater significance as employers navigate the challenges of the COVID-19 pandemic crisis. That’s why now is the best time to start — or…
…include in a plan. In addition the course illustrates the various types and features of qualified plans including employer eligibility, plan establishment, contributions/benefits, and vesting. The course also demonstrates the maximum contribution limits available for the various types of qualified plans. *Disclaimer: This recording is…