Monthly Archives: February 2024

Thalidomide was supposed to be the wonder drug that helped women manage morning sickness until they discovered it caused birth defects. Asbestos was supposed to be the ultimate fire-resistant material that was later found to cause mesothelioma when produced or … Continue reading →

We live in a day and age where information is at our fingertips. Anything we want to know is just a Google search away. Yet many companies interested in starting a 401(k) plan are unaware of the tax credits offered … Continue reading →

A recent study showed that student loan debt has a negative impact on deferral rates and 401(k) account balances. Of course, that’s obvious. Some student loans that students take out, resemble the size of my mortgage that I just paid … Continue reading →

Ascensus and American Funds have finally brought their pooled employer plan (PEP) to market. The Ascensus | American Funds Pooled Employer Plan is available to plan sponsors and advisers, featuring an open architecture plan menu designed by investment advisory Wilshire … Continue reading →

Collective Investment Trust investments were supposed to be a thing for 403(b) plans. It was in the legislation that predated SECURE 2.0, but it never made it into the law. There are proposed bills that allow it and I support … Continue reading →

OneAmerica Financial Partners Inc. announced a rebranding to OneAmerica Financial from simply OneAmerica. One America is trying to enhance its brand recognition and clarify its work in financial security, offering life insurance, retirement, employee benefits and long-term care solutions, according … Continue reading →

Thankfully, it’s been about 13 years since I’ve had a resume. It wasn’t a fun job and I never knew what people would ask for. I always thought objectives for resumes were silly, but people had them. Years ago, I … Continue reading →

For over 25 years, the involuntary cash-out limit was $5,000. Now, we have an increase. An increase that is optional, but you should enforce it as a plan sponsor. These mandatory cash-out distributions can be paid out without the consent … Continue reading →

My latest article on JDSupra.com can be found here.

The Internal Revenue Service (IRS) issued Notice 2024-22, which provided initial guidance on emergency savings accounts linked to 401(k) plans, which were established under the SECURE 2.0 Act. Effective for plan years beginning after December 31, 2023, it allows 401(k) … Continue reading →