The IRS and Social Security Administration have announced cost-of-living increases for retirement plans and other employee benefit plans for 2024....more
11/6/2023
/ 401k ,
403(b) Plans ,
457(b) Plans ,
Cafeteria Plans ,
Contribution Limits ,
Cost-of-Living Adjustment (COLA) ,
Defined Contribution Plans ,
Employee Benefits ,
Health Savings Accounts ,
Internal Revenue Code (IRC) ,
IRS ,
Retirement Plan ,
Social Security Administration (SSA) ,
Social Security Benefits
New legislation commonly called “SECURE 2.0” was passed by Congress last week and signed into law on Tuesday by President Biden. The new legislation includes almost 100 different changes that are linked to retirement plans. ...more
12/30/2022
/ 401k ,
403(b) Plans ,
Contribution Limits ,
Employee Benefits ,
Employee Contributions ,
Employer Contributions ,
Hardship Distributions ,
New Legislation ,
Pension Plan Amendments ,
Required Minimum Distributions ,
Retirement ,
Retirement Plan ,
Roth IRA ,
SECURE Act ,
Small Business
The IRS and Social Security Administration have announced cost-of-living increases for retirement plans and other employee benefit plans for 2022....more
11/12/2021
/ 401k ,
403(b) Plans ,
457(b) Plans ,
Cost-of-Living Adjustment (COLA) ,
Employee Benefits ,
FSA ,
Health Savings Accounts ,
Individual Retirement Account (IRA) ,
IRS ,
Retirement Plan ,
Social Security Administration (SSA)
The SECURE Act of 2019 permits in-service withdrawals from 401(k) and 403(b) plans for expenses incurred for the birth or adoption of a child of up to $5,000. The 10% excise tax is waived for these “qualified birth or...more
On November 14, 2018, the IRS issued proposed regulations about the new hardship withdrawal rules that generally became effective January 1, 2019. The proposed regulations...more