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Wegesin, president, jmw consulting, inc In the first few months of the covid outbreak, the firm reported on a relatively small percentage of retirement plans that had stopped making contributions altogether due to business interruptions This webcast will address the 2015 form 5500 and the potential minefields it contains, as well as how asppa worked to temper the irs approach
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The solo 401(k) is less expensive to administer than a sep Many kids and parents face a dilemma as they grapple with paying for college while trying to simultaneously save for retirement, according to two new studies. The maximum deductible contribution in the solo 401(k) is 25% of compensation plus deferrals
The solo 401(k) can recognize compensation that is greater than the irc §401(a)(17) compensation limit
The solo 401(k) plan is always exempt from form 5500 filing requirements. Pension plan sponsors have long been concerned about rising pension benefit guaranty corporation (pbgc) premiums — but now a major ratings agency has raised its concerns as well. Nonetheless, kaplan suggested, the matter is far from settled “where are we right now
Completely in flux,” he said, noting that the department of labor (dol) can revisit the rule, as well as issue guidance But the dol also could “call it quits,” he said, and revert to the way fiduciary governance had been conducted before the rule In addition, he said, forms are confronting whether. Keeping abreast of the whereabouts and life status of retirees and beneficiaries — and even terminated vested participants — are increasingly important fiduciary responsibilities
A recent newsletter discusses why this is the case and how it may be accomplished.
New year’s eve is the deadline for most 2014 required minimum distributions to be made The irs issued that reminder dec Generally, rmds from 401(k), 403(b) and 457 plans as well as iras must be made by dec