News

Retirement plans are becoming more supercharged. Auto-enrollment and other key provisions are being phased in, meaning big changes are on the horizon for both employees and employers. Click through for more information about these changes and key details regarding the Setting Every Community Up for Retirement Enhancement Act 2.0. https://newsletter.homeactions.net/archive/full_article/15819/11151665/5018187/175299?fbclid=IwAR3VD…

As the Wall Street Journal pithily summarizes it, “Higher earners age 50 and up will get two more years to use pretax dollars for all of their retirement savings in 401(k)s and similar plans, after the Internal Revenue Service delayed a new requirement.” The IRS has announced an administrative transition period that extends until 2026 […]

According to the IRS, a moratorium on processing of new ERC claims through year’s end will allow IRS to add more safeguards to prevent future abuse, to protect businesses from predatory tactics. The pandemic-era relief program is a refundable tax credit designed for businesses that continued paying employees during the COVID-19 crisis. In a recent […]

The IRS has released an updated version of Forms W-2 and W-3. These new forms can be filed electronically on the SSA’s Employer W-2 Filing Instructions and Information web page. This service offers fast, free and secure online filing options to CPAs, accountants, enrolled agents and individuals who process these forms. Fill-in versions may also […]

Passed in December 2019, the SECURE Act makes it easier and less expensive for business owners to establish and administer new qualified retirement plans, such as a 401(k) Plan, Profit Sharing Plan, Defined Benefit Plan and SEP-IRA. Read on to learn more about the SECURE Act of 2019 and new available options. For many years, […]

The explosion in online transactions and cloud-based record keeping has put employer-sponsored retirement plans at increased risk of exposing personally identifiable information (PII) – which is legally protected from disclosure. How can plan sponsors and service providers balance fiduciary standards with the need to store and share personal data as part of their daily operations? […]

Many 401(k)s are set up to have participants pay plan costs from plan assets. Plan sponsors may instead elect to pay plan costs out of company funds. This has benefits for both employers and employees. Click below to learn more.  

Keep your retirement plan running smoothly with the help of a TPA. A third-party administrator (TPA) can be one of the most important components of your company 401(k) — enabling you to focus on running your business, not your retirement plan. Click to learn more.          

Over the last six months, we have seen a significant increase in cyber theft in the retirement plan industry. Discovering the convenience of electronic transmissions of data and poor security policies that are common in this industry, cyber thieves have left the credit card and banking industries and have begun attacking the private retirement plan […]