Archive for November, 2018

Don’t Let Your Retirement Plan Turn from Benefit to Liability

Don’t Let Your Retirement Plan Turn from Benefit to Liability A retirement plan is important to your business – and to all the employees relying on it for income later in life. However, mistakes and confusion can turn retirement plans from an attractive benefit into a liability. A properly administered retirement plan avoids unnecessary costs and administrative problems, and ultimately…read more →

IRS Announces 2019 Plan Limitations

Click here for a PDF copy of the New 2019 Limits The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. The IRS today issued technical guidance detailing these items in Notice 2018-83. Highlights of Changes for 2019 The contribution limit for employees who participate in…read more →

How and When to Pay Plan Expenses with Plan Assets

How and When to Pay Plan Expenses with Plan Assets Some retirement plan expenses can be paid for with plan assets – but many can’t. Which are the “reasonable and necessary” retirement plan expenses that can be paid out of plan assets? Generally, services required to maintain the plan’s compliance and administration can be paid from plan assets. Obvious examples…read more →