Participants Reassess Their Retirement Savings and Readiness With the New Year
Look at the Frame
Unintended Tax Consequences Arise When the RMD Date Shifts
A New Telling of the Story of Persistent Inequality
Employers Returning to Pre-Pandemic Benefit Goals
Many are refocusing on financial wellness programs and retirement income options.
SECURE Act and CARES Act Still Demand Client Diligence
As an example, if a plan sponsor has not yet started tracking part-time employees to see whether they accumulate 500 hours of service in 2021, they should begin doing so immediately.
Legislative and Judicial Actions
15th Anniversary of RPAY: Atlanta Retirement Partners
While aggregators keep expanding, Atlanta Retirement Partners continues to enjoy being a specialty practice.
15th Anniversary of RPAY: Bukaty Companies Financial Services
Since winning the 2019 PLANSPONSOR Retirement Plan Adviser Mega Team of the Year award, Bukaty Companies Financial Services was acquired by employee benefits giant OneDigital, greatly expanding the services it can now offer clients.
Latest Relief Package Extends Provisions for Small Business Employers
A Buckingham Advisors webinar shared details of the second round of Paycheck Protection Program loans and tax credits implemented with the new legislation.
What a Year!
Client Onboarding
15th Anniversary of RPAY: Innovest Portfolio Solutions
In the six years since it was named the 2014 PLANSPONSOR Retirement Plan Team of the Year, the practice’s assets have grown five-fold to $25.6 billion.
2020 Required Amendments List Published by IRS
The two items that may require an amendment relate to difficulty of care payments treated as compensation for 415 limits, and the application of cooperative and small employer charity pension plan rules.
PANC 2020: Washington Update
Retirement plan advisers were given ideas to consider and actions to take in response to new legislation, regulation and litigation.
Warn Your Clients
A Team Approach
EBRI Shows Risk in Taking CRDs and Loans
One scenario in the study predicts a 54% reduction in retirement account balances if a participant were to fail to repay a coronavirus-related distribution.
IRS Actively Seeking Out CARES Act Fraudsters
Officials say criminals have already gotten millions in PPP loans and unemployment insurance.
IRS Establishes CARES Act RMD Rollback Framework
Anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts now has the opportunity to roll those funds back.