PLANADVISER - The trusted information and solutions resource for ...
WEBPLANADVISER is the trusted information and solutions resource for America's retirement benefits decision makers. With its powerful array of customer-driven marketing programs, PLANADVISER offers industry providers an unparalleled ability …
IRS Publishes Revised Form 8881 - PLANADVISER
WEBDec 18, 2023 · Last week, the IRS issued a revised form for small businesses to apply for an enhanced tax credit for starting an employee retirement plan, effective from 2023 onward. The simple, Form 8881 marks a symbolic step for a key part of the sweeping SECURE 2.0 Act of 2022 passed at the end of last year. That policy increased the three …
IRS Notice Clarifies SECURE 2.0 Automatic Enrollment, Tax Credits ...
WEBDec 28, 2023 · Section 101 of SECURE 2.0 requires defined contribution plans that are created after the law was enacted on December 29, 2022 to have automatic enrollment and deferral features starting on January 1, 2025. Specifically, plans must enroll participants at contribution levels of between 3% and 10% of salary and escalate by 1 percentage point …
Understanding 3 (16) Administrative Services - PLANADVISER
WEBJan 28, 2014 · There are three forms 3 (16) administrative services take in the marketplace today: 1. Supplemental, non-fiduciary (“ministerial”) support services such as document mailing and “hands free” processing of loans and distributions; 2. Limited scope acceptance of some of the functions of the plan administrator but not all; and.
Congress Passes SECURE 2.0, Forwarding Second Major
WEBDec 23, 2022 · The passage of SECURE 2.0 would be the second round of large-scale retirement reform since the Setting Every Community Up for Retirement Enhancement Act passed in 2019.SECURE 2.0 was the combination of three separate bills seeking to broaden retirement saving among Americans in both participation and volume, …
Significant Benefit Increases Expected from Tentative UAW Deals
WEBOct 30, 2023 · Improvements to Retirement Security. For current employees in the defined contribution plan, Ford and Stellantis offered to increase 401 (k) contributions to 9.5% of pay from 6.4%. For retirees on the defined benefit plan, the automakers agreed to a $5 credit per month for each year of service. Marick Masters, a professor of management at …
CUNA Launches Stable Value Account for 401 (k)s - PLANADVISER
WEBFeb 24, 2010 · complete guarantees of principal and interest (which CUNA noted is not found in all stable value accounts); full liquidity (participants can transfer into and out of this account without restrictions or penalties); and. compensation for retirement plan advisers. For more information, contact Micah DiSalvo at 800.356.2644 x6422.
Tips for Establishing and Maintaining Plan Documents
WEBJun 21, 2018 · The Employee Retirement Income Security Act (ERISA) Section 402 says every employee benefit plan has to be established and maintained by a written instrument, Bonnie Treichel, senior consultant at Multnomah Group, told attendees of an audiocast sponsored by law firm Drinker, Biddle & Reath. The plan document must include at least …
2022 PLANADVISER Award Season is Here | PLANADVISER
WEBJan 27, 2022 · 2022 Top Retirement Plan Advisers . The other recognition we have given out is the annual PLANADVISER Top 100 Retirement Plan Advisers of the Year.This has been awarded to the top 100 retirement plan advisers and teams based on quantitative measures such as the most plans and assets under advisement (AUA).
Principal Marks Completion of Wells Trust and Custody Business
WEBFeb 25, 2022 · In an interview with PLANADVISER, Sri Reddy, senior vice president, retirement and income solutions at Principal, said the integration of the retirement business was completed in June 2021. Just this week, the firm completed the integration of the trust and custody side of the business. Reddy says the integration marks an important …