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30.23 / Important Notice on Regulatory Compliance and Filing of Form 8955-SSA

Subject: Important Notice on Regulatory Compliance and Filing of Form 8955-SSA We hope this communication finds you in good health and spirits. We are writing to inform you of a recent development regarding the filing of 2022 Form 8955-SSA with the Internal Revenue Service (IRS), and to address any concerns you may have about a…

20.23 / SECURE 2.0 is a GO! – Benefit Insights Newsletter

SECURE 2.0 is a GO! In 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act increased the Required Minimum Distribution (RMD) age for retirement plan participants from age 70 1/2 to 72. Additionally, it introduced opportunities for Long Term Part Time (LTPT) employees to make deferral contributions to retirement plans in situations where…

29.21 / Long-Term Part-Time Employees

Recommended Read: Plan Sponsors, Plan Trustees, Financial Advisors. As we previously informed you, the Internal Revenue Service (“IRS”) has created a new rule that will allow certain of your long-term, part-time employees to begin participating in your 401(k) plan. Under these rules, the IRS has indicated that any employees who have worked for you for…

01.14 / Financial Advisors Need To Value The Art Of Retirement Plan Design

Back around 35 years ago, beer in this country was considered a mass produced, mass marketed business offering very low quality, light lagers. Beer was less of an alcoholic beverage and more of a slogan that was less filling or tasted great (while making Rodney Dangerfield a household name). Schlitz, which was at one point…