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Thought Leadership

EBP Podcast

Podcast: Operational Errors

Key Points:

Create backup plans for reconciliation and remittance processes. Ensure a plan’s match allocation aligns with what a participant is deferring from their paycheck. It is critical to follow the timing set by a plan’s adoption agreement.


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Podcast: Annual Employee Benefit Plan Audit Guide

Podcast: Annual Employee Benefit Plan Audit Guide

Key Points: 

The Department of Labor requires a BPA (Benefit Plan Audit) when a plan reaches 100 eligible participants.  The audit process consists of two sides: plan compliance and financial reporting.  An experienced and qualified auditor will help ensure the audits…

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Stacked Social Security Cards

Numerous Tax Limits Affecting Businesses Have Increased for 2020

An array of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2020. Here are some that may be important to you and your business.

Social Security Tax

The amount of employees’ earnings that are subject to Social Security tax…

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New Law Helps Businesses Make Their Employees’ Retirement Secure

A significant law was recently passed that adds tax breaks and makes changes to employer-provided retirement plans. If your small business has a current plan for employees or if you’re thinking about adding one, you should familiarize yourself with the new rules.

The Setting Every…

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Benefit Insights: IRS Increases 401(k) Contribution Limit

The IRS announced its retirement plan benefits and 401(k) contribution limits for 2020. 

A few key changes include:

Limit on annual benefit for defined benefit plans: The limit on the annual benefit under a defined benefit plan increased from $225,000 to $230,000. Limit on annual…

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