A retirement plan is for retirement, not asset protection getty I first wrote about California’s private retirement plans about seven years ago in my article, The California Private Retirement Plan: Separating Fact From Fiction (12/28/2015). This article predicted the misuse of private pension plans as asset protection vehicles, and thatRead More →

Almost all dermatology practices use Qualified Pension Plans (QRP), including 401 (k) plans and profit sharing, defined benefit and hybrid plans. As part of our diagnostic work for clients, we often review such plans. Based on our experience, we have identified several pitfalls that cost the practice more or subjectRead More →

The Internal Revenue Service announced dollar limits for pensions and other benefits, effective January 1, 2021. Some of the limits are listed below. LIMITATION AMOUNT 2021 AMOUNT 2022 Maximum annual compensation taken into account to determine benefits or contributions to an eligible plan $ 290,000 $ 305,000 Basic Limit ofRead More →

BALTIMORE, November 16, 2021 / PRNewswire / – Transamerica and FuturePlan by Ascensus today launched an innovative new group plan retirement solution called FuturePlan GPS (Group Plan Solution). FuturePlan GPS makes it easier for employers to sponsor a pension plan by reducing tedious administrative burdens and mitigating fiduciary risk. WithRead More →

Saturday 13 November 2021 A regulation recently proposed by the Ministry of Labor entitled “Prudence and loyalty in the selection of plan investments and the exercise of shareholder rights” (the “Proposal”) Discusses the duties of pension plan trustees when considering economically targeted investments, that is, investments that take into accountRead More →

Employees who want to put more money aside for their 401 (k) plans in 2022 should be prepared to do so. The IRS recently announced numerous increases to the pension plan, putting your year-end preparation into high gear. The 401 (k) plan salary deferral limit will reach $ 20,500. TheRead More →

The Internal Revenue Service announced cost-of-living adjustments in 2022 to dollar limits for qualifying pension plans and other benefits, and the Social Security Administration announced its own cost-of-living adjustments for 2022. Most dollar limits, including the optional deferral contribution limit for the 401 (k), 403 (b) and 457 (b) plans,Read More →

New set of target dates supports growing demand for active equity management from advisors and builds on the success of the MyCompass Index, which has reached over $ 2 billion in plan assets since 2019 Voya Financial, Inc. (NYSE: VOYA), today announced the launch of MyCompass American Funds, the latestRead More →

New set of target dates supports growing demand for active equity management from advisors and builds on the success of the MyCompass Index, which has reached over $ 2 billion in plan assets since 2019 WINDSOR, Connecticut, November 9, 2021– (COMMERCIAL THREAD) – Voya Financial, Inc. (NYSE: VOYA), today announcedRead More →

Voya Financial, Inc. (NYSE: VOYA), today announced the launch of MyCompass American Funds, the latest addition to Voya’s line of Target Date Fund (TDF) solutions for plan sponsors. Now available to all Voya pension plan clients, MyCompass American Funds offers a set of target dates for collective investment trusts (CITs)Read More →

Today, the IRS announced in Notice 2021-61 cost of living adjustments affecting dollar limits for pension plans and other retirement-related items for tax year 2022 under the Internal Revenue Code. Almost all of the limits have increased this year, reflecting changes in the Consumer Price Index for All Urban ConsumersRead More →

By Stacy Miller, CFP Embarking on the journey of entrepreneurship and small business ownership can be frightening. You often give up the security of a regular income and benefits in the hope of a fulfilling, flexible and successful new career. Some potential and new entrepreneurs overlook the long-term effects ofRead More →

INDIANAPOLIS, November 2, 2021 / PRNewswire / – OneAmerica® today unveiled OneConnectSM, a pension plan solution that facilitates administration and retains the independence of companies seeking to grow through a mutualized or multi-employer approach. OneConnect offers flexible plan design and simplified fiduciary oversight. OneConnect by OneAmerica offers many of theRead More →

Abstract Our Benefits and Executive Compensation group reminds plan sponsors to prepare for the IRS 2021 year-end changes and offers year-end measures. Qualified modifications Changes under the SECURE Act, CARES Act and hardship regulations Considerations for Safe Haven Plans This notice reminds sponsors of eligible pension plans of the upcomingRead More →

OneConnect by OneAmerica offers many of the benefits of group retirement plans, but with greater simplicity. Tweet this The passage of the Setting Every Community Up for Retirement Enhancement (SECURE) law included a provision authorizing the creation of common employer plans (PEP) to replace the traditional single plan sponsor withRead More →