- What's New?
Form 5500 - Who
May Not Have To File
You do not have to file Form 5500-EZ (or Form 5500) for a
plan year (other than the final plan year) that begins on or
after January 1, 2007, if you meet the five conditions -
Click Here
Enhanced Plan
Design: The Dual Plan Concept
For companies and
organizations to sponsor retirement plans that achieve
optimum benefit levels requires consultants with experience and
advanced knowledge in the discipline of retirement plan design.
Adding a cash balance plan to a 401k/profit sharing plan might
be the solution for your client, company or organization. Contact
us to schedule a consultation -
Click Here
Katrina Victims Get Relief - President
Bush has signed into law a series of tax breaks for Katrina
victims, including the loosening of rules for distributions and
loans from workplace retirement plans or IRAs. Among
the provisions of the Katrina Emergency Tax Relief Act of 2005 (KETRA)
- Click
Here
A Medical
Expense Reimbursement Plan or MERP is 'one of the
best kept secrets in the industry' - Section 105 of the
Internal Revenue Code provides a way to save taxes, for both
employer and employee on excess medical expenses - Click
Here
- What is a Cash Balance Plan? A cash balance
plan is a defined benefit plan where a participant's account is
credited each year - Click
Here
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- Adding a Roth 401K: Rules
According to the IRS, it will implement the Roth 401K provision of
EGTRRA. Under this new ruling, employees will be able to designate money in their 401K plan to be Roth contributions.
- Click
Here
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- HSAs or Health Savings Accounts begin to
take hold in the market. - Click
Here
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HSA - Eligible Qualified Expenses - Click
Here
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- PEO's - IRS Revenue Procedure
2002-21 provides relief to PEO's operating qualified plans in a
'single employer' format. For more information - Click
Here
- Tips, Tricks, & Techniques
-
Strategies
- Company wants a 401(k) plan for long service employees that favor key people. This could either be the company's first plan or the replacement of a defined benefit plan.
What to do! -
Click
Here for answer
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And
. . . Coming Soon!
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Improving portfolio performance
in tough markets. . .
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Market Highs and Lows. . .
What to do!
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Diversification
is 'key' in a tight economy. . .
401(k)
Participation Requires Planning
With
the traditional pension plan in doubt, more workers must
depend on themselves, not their companies, to fund their
retirements. For more - Click
Here
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IRS Announces 2008 Plan Contribution Limits.
-
Click
Here
Calendar Watch. .
.
-
2006 Form 5500 filing deadline
is due in most
cases by 07/31/2008 -- with extension by
10/15/2008 -
Details
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2007 PBGC premium vouchers
must be remitted by 10/15/2008
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Safe Harbor Notifications due
in most cases by 11/30/2008
Market Watch. . .
Plan Amendments: 2006
Many plan amendments for plan year 2006 are
optional; some are required. Each amendment is noted as to
whether it is optional or required. Prototype and Volume
Submitter amendments may be at the Sponsor level, the employer
level or both.
Details
EGTR Restatement
The IRS reviews restated plan documents either
every five or six years, depending on the type of plan document
(individually designed, pre-approved prototype, or volume
submitter). Pre-approved plan documents (also referred to as
prototype and volume submitter) are to be restated every six
years.
Details
GUST & EGTRRA
Restatement Requirements - Why? - Click
Here
Between
jobs? Check Out the Individual Dental Insurance
at DentalQuotes.com
Visit Our ' white
papers ' section.
Check out our 'Strategies
Section' for Design, Funding, and Money strategies for details on specific strategies that
may help your company achieve a more efficient contribution
advantage.
The new provisions in the 2001
Economic Growth Tax Relief Reconciliation Act - EGTRRA are
helping qualified plan clients reevaluate their strategies to
maximize plan
contributions.
Top Ten Blunders Plan Sponsors Make With Their 401(k) Plans
- Click
Here
- Another Reality Check
- The stunning demise of Enron Corp.
has highlighted the danger of over-investing 401(k) funds in an employer's stock. Enron stock, which was trading at about $90 a year ago, is now trading at less than $.50 a share and all Enron
employees can do is watch their retirement savings evaporate. While experts recommend that no more than 10% to 20% of a 401(k) account be invested
in employer stock, the average is over 39% with some employees investing up to 100% of their 401(k) assets
in employer stock. It's time to help your clients make a reality check
of their 401(k) allocations and, if needed, to better diversify their 401(k)
portfolios.
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To Open, Review, and/or Print our Company Brochure -
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Here
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