Safe Harbor Deadline Nearing

  Safe Harbor Deadlines Nearing Adopting a retirement plan is a perfect way to save for retirement and reduce your tax liability. With a Safe Harbor 401(k) Plan, owners and highly compensated employees can maximize their contributions even if other employees make limited or no contrib
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Missing Participants: Ready or Not, Here I Come!

Missing Participants Ready or Not Here I Come Please click on the link to display the article.
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Defined Contribution Plan Cycle 3 Restatement

Every six years, the Internal Revenue Service (IRS) requires all pre-approved qualified retirement plans be restated to maintain the plan’s tax-qualified status. The next period for these restatements is upon us. The restatement will incorporate mandatory IRS plan amendments and
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Set up a New Safe Harbor 401(k) Plan by October 1

Business owners and other Highly Compensated Employees (HCE’s) really benefit from a Safe Harbor 401(k) Plan. They can maximize their deferral contributions to the plan regardless of the level of participation by the Non-HCE’s. That maximum for 2020 is $19,500 plus a $6,50
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CARES Act RMD Waiver

The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) provides for many types of relief to individuals and businesses. One such relief allows participants and beneficiaries to forego taking 2020 RMD’s (Required Minimum Distributions). RMD’s are generally requi
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