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

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…

Read More

Get to Know Clinton Adkison, SMA Services 401(k) Administrator

September 5, 2023

Clinton Adkison just recently celebrated his 1-year anniversary with SMA Services. He has been in Third Party Administration for a few years, and prior to that he was an educator.  Clinton hails from the state of Florida and is a proud alumnus of Florida State University.  He is a true asset here at SMA Services;…

Read More

Get to Know Ben Satterfield, SMA Services 401(k) Administrator

August 31, 2023

Ben has been in the 401k industry for more than 10 years and has experience in compliance testing, payroll aggregation, distribution processing, and plan document maintenance.  He has been at SMA for almost 2 years and admits he loves it!  Ben is a leader among the other administration team and embodies the quality customer service…

Read More

Meet Kristi Tawney, SMA Services 401(k) Administrator

August 23, 2023

Kristi Tawney began working in the 401(k) industry at the start of 2020. With the COVID-19 pandemic occurring shortly after, she realized that may not have been the ideal time to change careers, but she has no regrets. “It was the perfect fit for myself and my family, Kristi recalled. “ I originally started with…

Read More

Meet SMA Services Director of Sales – Deb Catherall

August 18, 2023

Deb Catherall recently joined SMA Services, Inc., as Director of Sales. After 26 years at Ameritas, she has spread her wings and decided to join SMA Services, a leading third-party administrator (TPA) for qualified retirement plans. This position will allow her to utilize all her professional experience with “group qualified retirement plans.” Deb is committed…

Read More

Rick Spence Named Executive Vice President of SMA Services, Inc.

August 3, 2023

SMA Services, Inc., a wholly owned subsidiary of the Southern Medical Association, is pleased to announce the appointment of Rick Spence as the Executive Vice President of SMA Services, Inc. Rick joined SMA Services in 2022 and most recently served as Vice President, Director of Administration. “I’m looking forward to the opportunity to implement additional…

Read More

New SMA IRA Rates!

June 29, 2023

Tax-deferred, guaranteed savings at a great rate AND liquidity! No matter where you are in your life, things can change. It’s always important to save money. The trick is being able to earn interest on your savings, and have easy access to cash without having to pay steep penalties to get it when you need…

Read More

The SMArt IRA Program

June 29, 2023

With our SMArt IRA program, employees whose employment status changes have a simple, penalty-free option to roll their 401(k) into our IRA; allowing them to keep earning 4.15% on 100% of their savings, rather than forfeiting 30% of its value to fees and penalties. Find out more by watching these videos today. For Q3 2023…

Read More

SecureAct 2.0 – What You Need to Know

May 4, 2023

SecureAct 2.0 – What You Need to Know In this Webinar, Mark Massey (SMA Services Senior VP) and Rick Spence (VP & Director of Admin) discuss what this new legislation means for you and your company.

Read More

I recently had to contact (redacted) regarding a dividend payment. I won't go into the long story but I had the good luck to get Kristi Tawney on the phone. She was so helpful in solving the problem. She went out of her way to get to the bottom of the problem and guided me thru the solution to get it fixed. Her kindness and caring was much needed. After the early experience with a certain bank getting someone smart and kind was such a pleasure. She is a great asset to your company.

Carolyn Wieteler-Benford

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