Retirement Plan Management

What procedure can you put in place to prevent employer match churning? That is still unclear.

The IRS authors make clear that the purpose of the notice is to “provide guidance on discreet issues to assist in commencing implementation of these provisions” not to provide comprehensive guidance.

Within employer-sponsored retirement plans, there are special provisions for employees (not owners) who continue to work beyond their typical required beginning date.

Here are some of the pros and cons of specific SEP IRA and individual 401(k) retirement account options available.

This amendment applies to 401(k) plans, 403(b) plans, SIMPLE IRAs, and governmental 457(b) plans.

For those who run a retirement plan, the next step for implementing this change is to email your plan provider.

Hopefully over all this amendment encourages employer plans to offer Roth options, which will be good for taxpayers, even if this additional wealthy discrimination is unwelcome.

This update amends the Roth-side of employer retirement plans to behave more like Roth IRAs prior to death.

You can find out if your child or other employee qualifies by reviewing your 401(k) plan document.

Schwab recommends using one of the three methods discussed in this article to fund an individual 401(k).

Being a fiduciary means more, regardless of what the Department of Labor might write in their press releases.

A SEP-IRA can be opened any time before you file your tax return and you can make prior-year contributions at that time. In contrast, a solo-401(k) must be opened and contributed to before the year end to count for that tax year.

You as the business owner have until the tax-filing deadline to complete both your profit-sharing and elective deferral contributions.

It is easiest to simply save your 1099-R and its numbers with your record of all your Roth IRA contributions.

The worst cause of employer stress is the fact that there exist many financial salespeople who offer plans which benefit themselves at excessive cost to the employer and their employees.

Rekenthaler’s proposed narrowing of choices to a one-size fits all national solution provides a poor substitution for our current choices.

Having a 401(k) plan with both pre- and post-tax balances is quite common, but mistakes are common as well.

We often get the question from plan participants, “What should I invest in?” Here are our recommendations in order.

Even though you would likely benefit from contributing to your 401(k), you might not benefit from keeping your assets there — even if you are the owner.

The regulation is an attempt to protect participants who don’t understand the rules set up by the government.

Be very careful filling out these forms and be sure to ask for help if you need it.

Teresa Ghilarducci is just wrong here. There is no qualification that can make Ghilarducci more right.

If you run a retirement plan at your company, you are responsible for performing periodic reviews to ensure that the plan is the best it can be for participants.

Failure to perform such periodic reviews is a litigatable fiduciary breach.

Being able to lower total fees while investing part of the portfolio in slightly higher cost country specific exchange traded funds and being able to use exchange traded funds with strategic factors and add a monthly dynamic tilt is a significant accomplishment.

Here are seven techniques for small business owners to build real wealth.

Every business owner or director of a non-profit should realize that if they don’t take their fiduciary responsibility seriously they are legally liable for their neglect and inaction.

Since your employer’s plan usually has the most limited number of choices, pick the best it has to offer that fits with in your over all plan.

Putting all of your retirement eggs in one basket is easy to carry, but risky. Fund your employer’s plan with no more than is necessary to get the match and then fund your Roth IRA and build your taxable savings.

A fundamental fiduciary principle is to avoid self-dealing.

Our firm decided to become a 3(38) investment manager because playing this role offers our clients administrative relief. By taking on the role of a 3(38) adviser, we accept responsibility for selecting a prudent investment strategy.

The president’s hope to restrict the plans should actually make owners more interested in creating one.

As the payroll processor at our company, how quickly do I need to deposit 401(k) contributions into employee accounts? -Sincerely, Payroll Pam

Money deducted from your paycheck for retirement typically gets deposited quickly into your 401(k) plan. But this isn’t always the case.

As you get closer to the hole with each shot (this could be too much of an assumption for those hack like me) you can focus on precision over power.

Most plans have funds laden with fees. Some share this revenue with plan sponsors, enticing them to pick more expensive funds to subsidize the costs of the plan or even make a profit.