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3-01-2010 - Pending Document Amendment Deadlines Missteps Can Be Costly
3-01-2010 - EFAST-2 And The “Owners Only” Plan
2-01-2010 - New “EFAST2” Requirements Require Computer Access
2-01-2010 - New Requirements For Code Section 403(b) Retirement Plans
1-01-2010 - Silence Is Not Always Golden: Required Advance ERISA 204(h) Notice To Pension Plan Participants
1-01-2010 - Some Reminders For 2010
1-01-2010 - NRS Data Portal To Open In 2010
1-01-2010 - EFAST-2 / Electronic Filing Of Form 5500
12-01-2009 - Many Things To Keep In Mind For End Of 2009 And A Peek At 2010
11-01-2009 - Calendar Year 2009 Year End Reminders
11-01-2009 - IRS Ends Confusion Over 2009 Suspension Of Required Minimum Distributions
11-01-2009 - More Flexibility For Defined Benefit Plan Funding
10-01-2009 - Obama Administration Enters Retirement Plan Arena
10-01-2009 - Amnesty Deadline For Reporting Foreign Investments Extended
9-01-2009 - Everyone's Going Digital (and Other Year End Deadlines)
8-01-2009 - Pending Celestial Lineup? ROTH IRA Rollover Income Limit Eliminated For 2010
8-01-2009 - PPA Plan Document Amendments Needed Soon
7-01-2009 - New Required Amendments For Certain Pension Plans: Normal Retirement Age Too Low?
6-01-2009 - Hardship Distributions: Sometimes You Need Some of The Money Before You Retire
6-01-2009 - Update: Treasury Department Issues Proposed Regulations Relaxing Rules For Reducing or Stopping 401(k) Safe Harbor Contributions
6-01-2009 - Pension Benefit Guaranty Corporation (“PBGC”) Recants: Modifies Stance on Employer Reporting Quarterly Funding Contributions
5-01-2009 - Important Considerations When Reducing or Stopping 401(k) Plan Safe Harbor Contributions Mid-Year
5-01-2009 - Quarterly Funding of Pension Plan Obligations
4-01-2009 - Accelerated Vesting: Partial Plan Terminations
3-01-2009 - Divorces Can Get Messy: What Happens When A Participant Dies After A Divorce?
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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