IRS recently announced a new pilot program for retirement plans that are selected for an IRS audit.
Glass Half Full: Good News for Sponsors of Plans Undergoing IRS Audit
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Advisor Articles
JULY Fuels Its Growth Strategy with Investments by Platform Partners
July Business Services, LLC (“JULY”), a leading national provider of 401k plan services to small to medium sized employers, announced today a capital investment by Platform Partners LLC (“Platform”), a private investment company headquartered in Houston.
Annual Contribution Limits for 2024
ERISA has established plan limits for contributions and benefits that apply to all qualified retirement plans. The chart below outlines the maximum contribution (or benefit) that can be funded to each type of qualified retirement plan. These limits are indexed annually for inflation.
Introducing JULY IRA to Support Participant Rollovers
The JULY IRA helps participants with their savings goals keeping their monies invested for the...
Is a PEP the Right 401(k) Solution for My Client?
First of all….what’s a PEP and why is it important? A Pooled Employer Plan (PEP) is the latest...
Summary of Provisions in the SECURE Act
Prepared by Jim Hudson, Chairman, JULYThe Setting Every Community Up for Retirement Enhancement...
403b Plans – A Pre-Tax Employee Savings Plan
A 403(b) plan is a type of retirement plan for employees of governmental entities, public schools,...
Defined Benefit Plans – Accelerate Savings, Maximize Tax Deductions
Defined Benefit Plans can provide large benefits to highly compensated employees and business...
Cash Balance Plans – Accelerate Savings, Maximize Tax Deductions
Cash Balance Plans are a great design for employers seeking to fund much larger contributions than...
New Comparability Plans – Maximize Contributions for Owners and HCEs
New Comparability plans maximize retirement benefits for Highly-Compensated Employees and owners....
Profit Sharing Plans – A Basic Employer Funded Retirement Plan
Profit Sharing Plans can be designed as an employee benefit where contributions are allocated to...
Safe Harbor 401k Plans – Help Highly Paid Employees Save More
Safe Harbor 401k Plans are designed to permit business owners and other Highly Compensated...