Many providers offer tools that help retirement plan participants determine whether they are on track to replace a sufficient amount of income in retirement, and some offer suggestions...
Michael Barry, president of the Plan Advisory Services Group, shares his thoughts about what the Trump Employee Benefit Security Administration should undo and do.
“I just discovered that our CEO exceeded the Internal Revenue Service (IRS) 402(g) elective deferral limit to our 403(b) plan by a few hundred dollars.
“We are a private tax-exempt hospital that sponsors a 401(a) and a 403(b) plan, both of which are subject to the Employee Retirement Income Security Act (ERISA).
“I noticed that, though the elective deferral limits for retirement plans did not increase for 2017, the 415 dollar limit on combined employer/employee contributions did , from $53,000...
“We sponsor an Employee Retirement Income Security Act (ERISA) 403(b) plan that excludes collectively bargained employees from the right to receive employer contributions, though they are permitted to...