Check-Lock And Key On The Brown Wooden Table

Legacy and Retirement Planning After the SECURE Act

Fulcrum Partners. Deferred Compensation News

Fulcrum Partners is pleased to share these in-depth insights about the SECURE Act (Setting Every Community Up for Retirement), published January 23, 2020 by the AALU WR Newswire. The WRMarketplace is created exclusively for AALU members by experts at Baker Hostetler LLP and the AALU staff, led by Jonathan M. Forster, Partner, Rebecca S. Manicone, Partner, and Carmela T. Montesano, Partner. WR Marketplace #20-02 was written by Michael P. Vito, Counsel, and John F. DeStefano, Associate, Baker & Hostetler LLP. #secureact #plansponsor #retirement #retirementplan

401k Excess Solution

ICYMI: The 401(k) Excess Contribution Solution

Fulcrum Partners Deferred Compensation News

In case you missed it (#ICYMI), we’re republishing one of the most-read updates we’ve shared this year on Deferred Compensation News and Updates. Download report as a PDF Offsetting the 401(k) Refund To help ensure that a 401(k) plan does not favor business owners or other highly compensated employees (HCEs), plan sponsors are required to perform specific nondiscrimination tests. The …

The 401k Excess Contribution Solution | Offsetting the 401(k) Refund

Offsetting the 401(k) Refund with a Nonqualified Deferred Compensation Plan

Fulcrum Partners. Deferred Compensation News

Download report as a PDF The 401(k) Excess Contribution Solution To help ensure that a 401(k) plan does not favor business owners or other highly compensated employees (HCEs), plan sponsors are required to perform specific nondiscrimination tests. The Actual Deferral Percentage test (ADP) is used to help determine a 401(k) plan’s deferral limits. IRC Section 401(k)(3)(A)(ii) established the ADP test …

Save More “Help Your Clients’ Key Employees Bridge the Retirement Gap,”

Save More than a 401(k) or 403(b) Plan Allows

Fulcrum Partners Deferred Compensation News

A nonqualified deferred compensation plan (NQDC) allows employees to save above and beyond the limits of a 401(k) or 403(b) plan. Plus, employees may be able to take advantage of tax benefits not offered with other savings options. Unlike a deferred comp plan, a 401(k) plan, 403(b) plan and Individual Retirement Accounts (IRAs) have limits on how much the employee …

Hardship Withdrawal 403b Retirement Plans

Important Changes in the Rules for Hardship Withdrawals from 403(b) Retirement Plans

Fulcrum Partners. Deferred Compensation News

Effective January 1, 2019, the rules for hardship withdrawals from many types of retirement plans changed. The changes, which come as a result of revisions to the Tax Cuts and Jobs Act of 2017 and, more specifically, the Bipartisan Budget Act of 2018, generally make it easier for plan participants to withdraw funds from their 401(k) or 403(b) plans, in …

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Your Retirement Savings: What Changed with the Mid-Term Elections

Fulcrum Partners. Executive Benefits News

It’s been just over a month since U.S. midterm elections yielded a partial change in command in Washington D.C. While the Republicans retained the Senate, Democrats won the House. Right now, you’re probably spending long hours on the holiday hamster wheel, where you and your staff try to complete 8 weeks of work and projects in 5 and a half. …

Is Congress going after your 401(k)

Is Congress Going After Your 401K?

Fulcrum Partners Executive Benefits News, Fulcrum Partners News

Grab Your Pitchforks, America, Your 401(k) May Need Defending from Congress In last week’s The Wall St. Journal article, “Grab Your Pitchforks, America, Your 401(k) May Need Defending from Congress,” author Jason Zweig called out members of Congress, describing them as “lucky participants in one of the best retirement plans around.” He then went on to suggest that lawmakers may …

Fund 401(k) Plan Safe Harbor Contributions

IRS Proposes to Relax Rules Permitting Forfeitures to Fund 401(k) Plan Safe Harbor Contributions

Fulcrum Partners Human Resources

IRS Proposes to Relax Rules Permitting Forfeitures to Fund 401(k) Plan Safe Harbor Contributions The following report was published by IslerDare PC (www.IslerDare.com) and is republished here with their permission. Note: Mentions in this article of the IRS refer to the Internal Revenue System (IRS). IRS Proposes to Relax Rules Permitting Forfeitures to Fund 401(k) Plan Safe Harbor Contributions and …

2016 Year End Compliance Checklist Employment Benefit Plans

2016 Year-End Compliance Checklist Employment Benefit Plans Isler Dare

Fulcrum Partners Human Resources

The following update was prepared by IslerDare PC and is shared here with their permission as Fulcrum Partners continues to provide education and insight on the changes and clarifications to rules involving employment benefit plans. You may download this report on the Resources Page (2016 Year-End Compliance Checklist) of the Fulcrum Partners website. 2016 Year-End Compliance Checklist: Employment Benefit Plans With the results of …