News You Can Use: 2024 Cost of Living Adjustments for Retirement Plans

By Rob Ingram | November 27, 2023

The Internal Revenue Service recently announced its cost-of-living adjustments applicable to dollar limitations on benefits and contributions for retirement plans generally effective for Tax Year 2024 (see IRS Notice 2023-75). Most notably, the limitation on annual salary deferrals into a 401(k) or 403(b) plan will increase to $23,000, and the dollar threshold for highly compensated…

News You Can Use

By Rob Ingram | November 1, 2023

2024 Social Security COLA Set at 3.2% and What It Means The recently announced increase in the Social Security cost-of-living adjustment (COLA) for 2024 is much more modest than the one announced just a year ago. But milder or not, it has meaning. So what does it mean? The more modest increase reflects a slowing…

ONCE YOU MAKE A PLAN, STICK TO IT

By Rob Ingram | October 19, 2023

4th Quarter Compliance Calendar

By Rob Ingram | October 6, 2023

With the start of the 4th quarter of the year, there are numerous 401(k) administration retirement plan compliance deadlines on the horizon: October 15 Extended Deadline: Filing tax returns for partnerships  Extended Deadline: Contribution deadline for deductibility for calendar-year partnerships and S-corporations November 15 Summary Annual Report (SAR) for each qualified plan must be mailed…

Breaking News: IRS Grants Two-Year Delay in Roth Catch-Up Requirements

By Rob Ingram | September 12, 2023

Section 603 of the SECURE 2.0 Act added a new requirement that high-income individuals must make their catch-up contributions on a Roth basis for high-income individuals, citing “high-income” as  employees with wages exceeding $145,000 paid in the prior calendar year by the employer sponsoring the plan. Mandatory Roth treatment of catch-up contributions for high income…

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News You Can Use

November 1, 2023

2024 Social Security COLA Set at 3.2% and What It Means The recently announced increase in the Social Security cost-of-living adjustment (COLA) for 2024 is much more modest than the one announced just a year ago. But milder or not,…

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4th Quarter Compliance Calendar

October 6, 2023

With the start of the 4th quarter of the year, there are numerous 401(k) administration retirement plan compliance deadlines on the horizon: October 15 Extended Deadline: Filing tax returns for partnerships  Extended Deadline: Contribution deadline for deductibility for calendar-year partnerships…

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Sincerely
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Every person I have had the opportunity to speak with has been very helpful, kind, and knowledgeable. Thank you for your guidance in this process.

Evelyn Puisseau - Baskal Korkis 

Thank you for always helping me with my end of the year paperwork. I appreciate your kindness and patience with me.

Jessica Jean - Parkway Medical Group, PC

I have nothing but praise for Rick & Kristi. They have been kind, helpful and knowledgeable in every way possible.
Kathleen Bridenhagen - Bjugan Enterprises