by Matthew Spay | Dec 3, 2019 | Blog
The requirements for taking a hardship withdrawal from retirement plans is changing
by Matthew Spay | Nov 28, 2019 | Blog
In August, the Internal Revenue Service issued a private letter ruling (PLR) clarifying that employer contributions to retirement plans may be tied to student loan payments. Since the great recession of 2008-09, student loan debt in the U.S. has mushroomed. It is...
by Matthew Spay | Nov 26, 2019 | Blog
This past March, almost 10 years after the “new” Fiduciary and Best Interest Contract (BIC) rules were first proposed, the Fifth Circuit of the U.S. Court of Appeals vacated the rules in their entirety. The Department of Labor (DOL) elected not to appeal to the...
by Matthew Spay | Nov 21, 2019 | Blog
IRS Announces 2019 Retirement Plan Limits IRS Limits on Retirement Benefits and Compensation As published in IRS News Release IR-2018-83, Nov. 1, 2018 2019 2018 2017 401(k), 403(b), 457 Elective Deferral Limit $19,000 $18,500 $18,000 Catch-Up Contribution...
by Matthew Spay | Nov 19, 2019 | Blog
With the recent market volatility, it’s understandable that you may be concerned about your investments. Volatile markets can make you wonder if you’re on track to meet your retirement goals. Don’t be discouraged and most of all, don’t panic. Instead, be...
by Matthew Spay | Nov 14, 2019 | Blog
Welcome to Hey Joel! This forum answers plan sponsor questions from all over the country by our in-house former practicing ERISA attorney. Hey Joel, Can I avoid an audit by splitting my employees into two plans? ~ Fingers Crossed in Florida Dear Fingers, There...
