…participants’ needs. With such flexibility should come interactivity. Does your potential service provider offer a consultative and strategic approach to your retirement plan design? Will they furnish a thorough review of the existing program and provide peer analysis and competitive considerations? Going hand-in-hand with those…
SECURE Act 2.0 gives small business owners exciting new tactics and strategies designed to help them achieve business goals as well as retirement savings objectives for themselves and their employees. Attend this seminar to learn how to use qualified retirement plans and executive compensation arrangements…
…five most asked about provisions by Pentegra’s plan sponsor clients include the following: All catch-up contributions (for participants age 50 or over) to qualified retirement plans must be designated as after-tax Roth contributions, unless a participant has compensation of $145,000 or less. This provision is…
…contributions are possible Contributions above the cap can be directed to the plan’s designed Roth account or stopped until the ESA balance drops below the limit. Withdrawals are liberal Participants must be allowed to take at least one withdrawal per month, and the first four…
Introduced on June 7 by U.S. Senator John Kennedy (R-LA), the pair of bills are designed to encourage more Americans to save for their retirement, and maintain greater control over those savings. The Keeping Your Retirement Act would raise the required minimum distributions (RMD) age…
…plan sponsor to engage in an objective process designed to elicit information necessary to evaluate candidates considering, but not limited to, the following: Qualifications of the service provider, Whether it has a consistent track record of service, Its professional “bench-strength” and tenure of staff, The…
…the rate of return on, e.g., a designated S&P 500 Index fund or the yield on designated fixed income securities, not to exceed 6%. In implementing this provision, a critical question has been, if a plan that did not use a market rate (because of…
…long-term goals if they are focused on short term problems. With good data, we will know, for example, if company owners are reaching their contributions limits. When this happens, there’s likely a good reason to talk about additional features or other plan design options that…
When to Set Sail with Safe Harbor You already know that a 401(k) is a very popular retirement plan and, like other plan designs, it allows your employees to take advantage of tax deferrals on contributions and earnings while their money accumulates for retirement. To…
…orientation to be a consultative partner that listens and understands how to map the right plan design options to the right client to craft and optimize a retirement plan that can meet their tax and savings goals. We’re happy to work directly with you and…
Every retirement plan design begins with a study of a company’s payroll. It’s the essential information that drives thinking around how to optimize tax and savings potential for both business owners and their employees. Once a plan is installed, we rely on payroll data to…
…have many plan designs and options to offer depending on what we determine may be a best fit for your clients. The temptation is to quote them what they ask for. We think the better approach is to first invest a little time in understanding…