Spring Cleaning
Spring isn’t just a great time to clean up your attic, basement, garage, closet or yard. It’s a great time to tidy up your retirementRead More
SECURE Act 2.0 – So what now?
By now you have all likely read about or received countless emails about the long-awaited SECURE 2.0 Act provisions, contained in the $1.7 trillion ConsolidatedRead More
401k and Retirement Plan Limits for Tax Year 2023
On October 21, 2022, the Internal Revenue Service announced that employees in 401k plans will be able to contribute up to $22,500 next year.
The IRSRead More
Retirement Plan Fiduciary Liability Insurance
A survey of fiduciary liability insurance carriers offers insights on prioritizing and managing fiduciary duties
As an employer sponsored retirement plan’s assets increase, plan sponsors shouldRead More
How Safe is Your 401k Plan from Litigation?
With the record number of fiduciary breach lawsuits against 401k plans in the past couple of years, how safe is the average 401k plan?
The onslaughtRead More
Advancing Auto-Portability Act of 2022
New legislation introduced in the Senate in June would allow workers’ 401(k) savings accounts to be automatically rolled over from a previous employer to aRead More
New 90-Day IRS Compliance Program
In their June 3rd Employee Plans Newsletter, the IRS announced a new 90-day Pre-Examination Compliance Pilot Program. Under the program, which isRead More
Crypto in Your 401k?
In March, the DOL published a Compliance Assistance Release on offering cryptocurrencies within 401k plans in response to several retirement industry firmsRead More
Update on State Run Mandated Retirement Programs
State governments are increasingly considering, or implementing, mandatory enrollment retirement programs for small businesses. Now is a good time to reach out to your businessRead More
March 15th is 401k Plan Corrective Distribution Deadline
March 15th is the processing deadline for failed 401k ADP/ACP test corrective distributions without the 10% excise tax. Note: Special deadline may apply to plansRead More
Should I Prospect 401k Plans?
401k plans provide a great referral resource for financial planning and rollover opportunities, so you should look to prospect them. GVA Retirement Plan Consulting canRead More
Updates to the IRS’s Plan Corrections Programs
The IRS’s Employee Plans Compliance Resolution System (EPCRS) is designed to improve overall plan compliance by helping plan sponsors voluntarily correct plan compliance errors forRead More
