Legislative and Judicial Actions
myStockOptions.com Updates Website With Education on Tax Reform
myStockOptions.com has updated its website with information on the 2018 Tax Cuts & Jobs Act.
Discuss Accelerating Contributions With DB Plan Sponsor Clients
Contributing more than the minimum required for 2017 by the September 15 deadline will result in a higher deduction for plan sponsors, and continuing to accelerate funding in the future can minimize PBGC costs, improve funded status and mitigate higher required contributions in coming years.
Plan Documents Require Update After Tax Reform
The new law extends the time a participant has to repay loans from 60 days after an offset to the date their tax return is due.
Tax Law Prompts DB Plans to Boost Funding
They have until mid-September to deduct pension plan contributions at the rate of 35%; after that, the lower 21% rate kicks in.
Tax Reform, Fiduciary Rule Impact 403(b) and 457(b) Plans
The National Tax-Deferred Savings Association updates its reference guide ‘The Source’ to reflect last year’s tax reform and the DOL fiduciary rule derailment.
Americans Unfamiliar With 529 Plans
A mere 29% know that they are vehicles for education savings, Edward Jones found in a survey
Nearly One-Third of Employers Plan to Use Tax Breaks on Employee Compensation, Benefits
Of this group, 25% said they will increase their company match to the 401(k) plan.