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,…

Read More

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…

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.

Sincerely
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