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8-01-08 - Section 403(b) Plans vs. Section 401(k) Plans
7-01-08 - Participant Notices Automatic Enrollment And Safe Harbors
7-01-08 - Good News For Defined Benefit Plan Sponsors
6-01-08 - Retirement Plan Changes: Documentation Timing Can Be Crucial
5-01-08 - Exciting Changes In Store For Retirement Plan Sponsors And Their Eligible Employees
5-01-08 - Code 415 Final Regulations Amendment
5-01-08 - EGTRRA Restatements And The Six Year Document Cycle
5-01-08 - And Don't Forget The PPA Amendment
5-01-08 - Opportunities Available
4-01-08 - How Long A Delay Is Too Long? DOL Guidance Proposes Better Answers
4-01-08 - Defined Benefit Plans Introduced To AFTAP
3-01-08 - U.S. Supreme Court Decsion Opens Up 401(k) Plans To Individual Lawsuits Concerning Fiduciary Misconduct (Larue v. DeWolff, Boberg)
2-01-08 - Look Ma, No Trust: Should Aa Employer“Trust” SEP Or Simple-IRA Plans?
2-01-08 - SEPs
2-01-08 - Selecting The Right Plan
1-01-08 - 401(k) Deferral Feature: More Than “Icing” On A “Deduction Cake”
Economic Growth and Tax Relief Reconciliation
Act (EGTRRA) Presents New Planning Opportunities
for Employers
The Economic Growth and Tax Relief Reconciliation
Act (EGTRRA) and other recent legislation
increase the retirement saving and tax planning
opportunities for business owners and their
employees. Most notably, EGTRRA increases
several of the dollar limits applicable
to qualified retirement plans, such as the
annual additions limitation ($40,000 for
2002), 401(k) deferral limit ($11,000 in
2002, then increasing by $1,000 each year
until it reaches $15,000) and the maximum
considered compensation, which jumps from
$170,000 to $200,000 in 2002. The interplay
of these higher limits with other available
planning strategies offers many opportunities
for re-designing an employer's retirement
plans. Just click on the topics below to
read about some exciting features that may
be available to your company.
12-04-01
- Increased Profit Sharing Deduction Limits
Makes Some Money Purchase Pension Plans
Unnecessary
12-04-01
- 401(k)
Plans Can Offer Additional ("Catch-up")
Contributions for Participants Age 50 and
Older
12-04-01
- Adding the
"Safe Harbor" Feature to a 401(k) Plan Eliminates
ADP Testing
12-04-01
- New Planning
Opportunities for Contributing to Defined
Benefit Plans (Even Frozen Plans)
12-04-01
- Don't Forget
to Claim the Tax Credit for Fees and Costs
of New Plans
12-04-01
- New IRS Minimum
Distribution Rules Permit Lower Mandatory
Distributions at 70 ½
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