IRS Announces Increases to Contribution Limits for Retirement Savings Accounts

IRS Announces Increases to Contribution Limits for Retirement Savings Accounts

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On November 1, the Internal Revenue Service (IRS) announced contribution limit increases for various retirement savings plans, including 401(k), 403(b), most 457 plans, and the government’s Thrift Savings Plan. A detailed assessment of the changes, as published by the IRS, appears below the chart. The IRS has announced the 2019 Retirement Savings Plan Limits as follows:         Plan Limits 2018 …

Fulcrum Partners Sponsors TRASF Total Rewards Conference

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PONTE VEDRA BEACH, FL — (Sept. 26, 2018) The Total Rewards Association of South Florida (TRASF) will host the 2018 Total Rewards Conference October 18, at the Florida International University Kovens Conference Center in Miami, Florida. The one-day event will attract representatives from over one hundred organizations committed to fostering education and the exchange of information among compensation and benefits practitioners …

Labor Day: A Chapter in American History

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Labor Day is more than a transitional long weekend taking us from summer to fall. Although we currently mark the weekend with end-of-summer cookouts or one last trip to the beach, the first Labor Day holidays were intended to send a powerful message about the rights and privileges of hardworking American men and women. Historically, Labor Day was loosely celebrated …

How Deferred Comp Plans Can Help Pass-Through Businesses, a New Report

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Fulcrum Partners is releasing a new report designed to provide insights to pass-through businesses, S-Corporations, partnerships, and LLCs. Organizations such as S-corporations, partnerships, limited liability partnerships (LLP), or limited liability corporations (LLC) that have elected to be taxed as a partnership, are taxed as a pass-through entity. In many cases, a nonqualified deferred compensation plan can help solve the organization’s …

How New Tax Code Sec. 199A May Have Applications for Public Companies or Large Pass-Through Companies

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The following is a blog post by Winston & Strawn LLP Partner, Ruth Wimer and is republished here with permission of The Executive Compensation Blog Possible Compensation Planning Opportunities in New Code Sec. 199A As most readers know, last year’s Tax Cuts and Jobs Act created a new Code Sec. 199A, providing a generous 20% deduction for individual taxpayers to …

Life, Liberty, and the Pursuit of Happiness

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“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.” — The unanimous Declaration of the thirteen United States of America Two hundred forty-two years have passed … but the values for which our forefathers …

The Fulcrum Partners ‘Family’ Continues to Grow!

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On June 16, 2018—just in time for Father’s Day—Kenny and Amanda DePaola welcomed the arrival of their first child. Sofia Michel DePaola made her much-anticipated appearance, weighing in at 6 pounds, and 13 ounces. Kenny, a Financial Consultant based in Fulcrum Partners’ Chicago office, said, “Today my life changed forever in the most wonderful way.” The nationwide team of executive …

Fulcrum Partners Congratulates Wes Hackett: Celebrating New Beginnings

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On April 26, 2018, Wes and Amanda Hackett welcomed the arrival of their first child, Kennedy Grace Hackett. The nationwide team of executive benefits advisors at Fulcrum Partners joins Wes and Amanda in celebrating Kennedy Grace, who is eight pounds of perfection and nineteen and a half adorable inches tall. Proud father Wes, says, “Waking up every day as her …

Financial, Tax and Benefits Strategies: Why the Team-Driven Approach Is the Best Hedge Against Tax Reform Uncertainties

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You and your employees or coworkers are not the only ones concerned about federal tax code revisions. Since last December’s passage of the Tax Cuts and Jobs Act, uncertainties seem to be front and center in nearly every taxpayer’s thoughts. An April 18, 2018, CNBC.com article cited a recent Gallup poll on tax reform and concluded simply: “The majority of …

Fulcrum Partners Supports the AALU Annual Meeting

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PONTE VEDRA BEACH, FLA — (May 8, 2018) Members of the senior leadership of Fulcrum Partners LLC, executive benefits advisory, were among the thought leaders and influencers participating in this year’s Annual Meeting of the Association for Advanced Life Underwriting (AALU). Held at the Marriott Marquis Washington, D.C., the three-day event kicked off on Sunday, April 29, and attracted top …