What’s been going on in the retirement & health plan fields? Here we’ll discuss the latest information & best practices for managing your plans.
By Chris Veenstra, FCA, ASA, MAAA, EA, President If you participate in a defined benefit pension plan, you likely receive a pension statement once a year, either by mail or through an online portal. Although you know that this statement contains important...
Sponsoring a defined contribution plan like a 401(k) is an excellent way to attract and retain employees, but it also comes with significant administrative and compliance responsibilities. Between IRS regulations, Department of Labor (DOL) requirements,...
By: Mishelle Becker, QKACompliance and Training Coordinator What Is a Qualified Retirement Plan? A qualified retirement plan is an employer-sponsored retirement plan that meets the requirements of the Internal Revenue Code and ERISA, allowing both employers...
By: Esther Peterson ASA, EA, MAAA The dream of a gold watch and a big retirement party is fading fast for many Americans. Our current methods of saving for retirement may no longer be enough. The Retirement Savings Disparity In early 2026, the National...
If your company offers a retirement plan, you know the IRS offers tax breaks in return. However, those tax breaks come with a caveat: your plan can’t be solely for owners and top executives. It needs to include a “fair share” of your regular employees too....
Each year the IRS sets limits on the amount an individual can contribute (known as income they defer) through elective contributions to their retirement accounts. The limit applies to any 401(k), 403(b), SAR-SEPs, and SIMPLE-IRA plans, with the total...
If you administer Defined Contribution (DC) Plans, like a 401(k), you’re likely familiar with the rigorous compliance tests associated. One of the key jobs of compliance testing is to ensure your plan is not unfairly favoring highly compensated employees...
As a plan sponsor, one of your primary duties is to ensure your plan data is organized. The start of each year presents a perfect opportunity to conduct an organizational review! Why is this important? First, unorganized data leads to compliance issues...
January 1st brings anticipation for the future, a fresh start, and a chance to get organized. And for business owners, this includes getting your business organized! Starting with the retirement-plan reporting season. It’s time again to notify your TPA of...
If you are a business owner or plan administrator who sponsors a 401(k) or 403(b) plan, there’s an important change on the horizon you’ll want to prepare for. A key change from the SECURE 2.0 Act will soon affect how many employees save for retirement – and...