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IRS Announces 2024 Contribution and Benefit Limits for Retirement Plans December 18, 2023
The IRS has announced the 2024 cost-of-living adjustments to the dollar limitations for defined benefit and defined contribution plans.
The IRS has announced the 2024 cost-of-living adjustments to the dollar limitations for defined benefit and defined contribution plans.
IRS Announces 2023 Contribution and Benefit Limits for Retirement Plans December 30, 2022
The IRS has announced the 2023 cost-of-living adjustments to the dollar limitations for defined benefit and defined contribution plans.
The IRS has announced the 2023 cost-of-living adjustments to the dollar limitations for defined benefit and defined contribution plans.
IRS Announces 2022 Contribution and Benefit Limits for Retirement Plans November 30, 2021
The IRS has announced the 2022 cost-of-living adjustments to the dollar limitations for defined benefit and defined contribution plans.
The IRS has announced the 2022 cost-of-living adjustments to the dollar limitations for defined benefit and defined contribution plans.
IRS Announces 2021 Contribution and Benefit Limits for Retirement Plans October 28, 2020
The IRS has announced the 2021 cost-of-living adjustments to the dollar limitations for defined benefit and defined contribution plans.
The IRS has announced the 2021 cost-of-living adjustments to the dollar limitations for defined benefit and defined contribution plans.
IRS Announces 2020 Contribution and Benefit Limits for Retirement Plans November 08, 2019
The IRS has announced the 2020 cost-of-living adjustments to the dollar limitations for defined benefit and defined contribution plans.
The IRS has announced the 2020 cost-of-living adjustments to the dollar limitations for defined benefit and defined contribution plans.
IRS Announces 2019 Contribution and Benefit Limits for Retirement Plans December 07, 2018
The IRS has announced the 2019 cost-of-living adjustments to the dollar limitations for defined benefit and defined contribution plans.
The IRS has announced the 2019 cost-of-living adjustments to the dollar limitations for defined benefit and defined contribution plans.
IRS Pre Approved Plan Document Restatement July 16, 2018
As we have previously communicated, Plan Sponsors have the option of restating their existing 403(b) Plan Documents onto an IRS Pre-Approved Plan
As we have previously communicated, Plan Sponsors have the option of restating their existing 403(b) Plan Documents onto an IRS Pre-Approved Plan
Action items for employees who are eligible for post-employment contributions May 1, 2018
Does your 403(b) or 457(b) plan permit post-employment contributions of unused sick leave and vacation pay?
Does your 403(b) or 457(b) plan permit post-employment contributions of unused sick leave and vacation pay?
IRS Announces 2018 Contribution and Benefit Limits for Retirement Plans November 21, 2017
The IRS has announced the 2018 cost-of-living adjustments to the dollar limitations for defined benefit and defined contribution plans.
The IRS has announced the 2018 cost-of-living adjustments to the dollar limitations for defined benefit and defined contribution plans.
National Retirement Security Week October 15, 2017
National Retirement Security Week provides an opportunity to assess your personal retirement goals
National Retirement Security Week provides an opportunity to assess your personal retirement goals
DOL fiduciary rule takes effect June 9 June 09, 2017
The Department of Labor has announced the applicability date of the final regulation, defining who is a “fiduciary” under ERISA, is June 9th while some exemption conditions will be delayed until January 1, 2018.
The Department of Labor has announced the applicability date of the final regulation, defining who is a “fiduciary” under ERISA, is June 9th while some exemption conditions will be delayed until January 1, 2018.
DOL delays new fiduciary rule 60 days April 07, 2017
The Department of Labor has extended the effective date of the new fiduciary rule until June 9th to allow time for further review.
The Department of Labor has extended the effective date of the new fiduciary rule until June 9th to allow time for further review.
Your Plan's Annual Report is Available March 03, 2017
Reminder – your plan's 2016 Annual Report, available on our website, provides a snapshot of key plan census and contribution data.
Reminder – your plan's 2016 Annual Report, available on our website, provides a snapshot of key plan census and contribution data.
The IRS Announces the last day of the Remedial Amendment Period
for 403(b) plans March 03, 2017
On January 13, 2017 the IRS announced that the last day of the Remedial Amendment Period for 403(b) plans is March 31, 2020. Plan Sponsors will have to restate their existing 403(b) Plan onto an IRS pre-approved Plan Document by this date.
for 403(b) plans March 03, 2017
On January 13, 2017 the IRS announced that the last day of the Remedial Amendment Period for 403(b) plans is March 31, 2020. Plan Sponsors will have to restate their existing 403(b) Plan onto an IRS pre-approved Plan Document by this date.
2017 Contribution and Benefit Limits for Retirement Plans March 03, 2017
To assist with employee education, we have created a link for you to communicate the contribution limits for 2017 and to encourage your employees to participate and / or increase their contributions under your retirement plan.
To assist with employee education, we have created a link for you to communicate the contribution limits for 2017 and to encourage your employees to participate and / or increase their contributions under your retirement plan.
Internal Revenue Warns of Phishing Scam February 10, 2017
The Internal Revenue Service issued an urgent alert this month to all employers issuing Form W-2 regarding an email phishing scam.
The Internal Revenue Service issued an urgent alert this month to all employers issuing Form W-2 regarding an email phishing scam.
IRS Announces 2017 Contribution and Benefit Limits for Retirement Plans November 10, 2016
The IRS has announced the 2017 cost-of-living adjustments to the dollar limitations for defined benefit and defined contribution plans.
The IRS has announced the 2017 cost-of-living adjustments to the dollar limitations for defined benefit and defined contribution plans.
DOL Finalizes Revisions to Its "Conflicts of Interest" Rule May 11, 2016
The DOL has expanded the definition of "who is a fiduciary" and "what is fiduciary investment advice."
The DOL has expanded the definition of "who is a fiduciary" and "what is fiduciary investment advice."
What Employees Need to Do for Post-Employment 403(b) or 457(b) Contributions May 11, 2016
Employees eligible for post-employment contributions must take specific actions before their employment ends for the plan to successfully process these contributions.
Employees eligible for post-employment contributions must take specific actions before their employment ends for the plan to successfully process these contributions.
How to Avoid Common Compliance Risks May 11, 2016
Some compliance risks can be reduced, if not eliminated, simply by sending us monthly census data for all your employees.
Some compliance risks can be reduced, if not eliminated, simply by sending us monthly census data for all your employees.
America Saves Week February 22-27, 2016
America Saves Week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status. This is the perfect time to remind participants to increase their contributions and to encourage employees that are not participating to enroll in your retirement savings plan.
New Poster Promoting America Saves Week Available for Download
America Saves Week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status. This is the perfect time to remind participants to increase their contributions and to encourage employees that are not participating to enroll in your retirement savings plan.
New Poster Promoting America Saves Week Available for Download
Website Enhancements January 13, 2016
On February 1st, 2016 a redesigned secure portal within planconnect.com will be implemented. The new site will be simpler, mobile friendly, and include some new features for both Employers and Employees.
On February 1st, 2016 a redesigned secure portal within planconnect.com will be implemented. The new site will be simpler, mobile friendly, and include some new features for both Employers and Employees.
No Changes to 403(b) and 457(b) Contribution Limits for 2016 January 06, 2016
The elective deferral limit remains at $18,000 and age 50 or older catch-up contributions stay at $6,000 for 2016.
The elective deferral limit remains at $18,000 and age 50 or older catch-up contributions stay at $6,000 for 2016.
Updating Your Employee Census Data At Least Monthly Is Essential January 06, 2016
Having a process in place to send us regular updates to your census data saves you time in the long run and helps keep your plan compliant.
Having a process in place to send us regular updates to your census data saves you time in the long run and helps keep your plan compliant.
The Status of 403(b) Pre-approved Plan Documents January 06, 2016
All 403(b) documents submitted during the pre-approved plan document filing period are now undergoing IRS review.
All 403(b) documents submitted during the pre-approved plan document filing period are now undergoing IRS review.
PlanConnect Will Soon Unveil Website Enhancements for Plan Sponsors and Participants January 06, 2016
Future upgrades to our plan sponsor and participant website will create a faster and better user experience.
Future upgrades to our plan sponsor and participant website will create a faster and better user experience.
New Poster and Flyer Promoting 403(b) Plans Available for Download;
DOL Proposes Expanding Its Definition of "Who is a Fiduciary"; August 07, 2015
PlanConnect releases a new multi-purpose poster and flyer you can use to promote your 403(b) plan. The DOL has issued a proposed rule that would impose a stricter fiduciary standard on people and entities who provide retirement investment advice on rollovers to IRAs or ERISA plans.
DOL Proposes Expanding Its Definition of "Who is a Fiduciary"; August 07, 2015
PlanConnect releases a new multi-purpose poster and flyer you can use to promote your 403(b) plan. The DOL has issued a proposed rule that would impose a stricter fiduciary standard on people and entities who provide retirement investment advice on rollovers to IRAs or ERISA plans.
403(b) Pre-approved Plan Documents and Post-retirement
Contributions May 06, 2015
The IRS updated its sample 403(b) plan document language. Federal regulations prohibit making post-retirement contributions to a former employee’s estate
Contributions May 06, 2015
The IRS updated its sample 403(b) plan document language. Federal regulations prohibit making post-retirement contributions to a former employee’s estate
ERISA Requirements for Your 403(b) Plan April 03, 2015
Each year, sponsors of ERISA 403(b) plans such as yours must comply with a number of reporting and disclosure rules. Our "Plan Sponsor Checklist for ERISA
403(b) Plans" summarizes these and other key compliance requirements.
Each year, sponsors of ERISA 403(b) plans such as yours must comply with a number of reporting and disclosure rules. Our "Plan Sponsor Checklist for ERISA
403(b) Plans" summarizes these and other key compliance requirements.
Keeping your plan on track in 2015 January 23, 2015
The new year starts off with some benefit updates, new rules, and opportunities for plan sponsors.
The new year starts off with some benefit updates, new rules, and opportunities for plan sponsors.
IRS Announces 2015 Contribution and Benefit Limits for Retirement Plans November 03, 2014
The IRS has announced the 2015 cost-of-living adjustments to the dollar limitations for defined benefit and defined contribution plans.
The IRS has announced the 2015 cost-of-living adjustments to the dollar limitations for defined benefit and defined contribution plans.
Improved Payroll Upload Capability July 14, 2014
The payroll upload center has been rewritten to no longer require JAVA. In addition, the application was redesigned to provide an enhanced user experience. The upgrade will be available beginning Monday, August 25, 2014.
The payroll upload center has been rewritten to no longer require JAVA. In addition, the application was redesigned to provide an enhanced user experience. The upgrade will be available beginning Monday, August 25, 2014.
- New User Friendly Wizard Navigation
- Ability to upload future date payrolls
- Updated Data Entry Grid which allows the user to filter on the participant status (new or existing), participant ssn and/or name
- Print Grid feature added to each step
- New certification selection for the user to certify the results of their payroll processing which is stored in Relius Administration.
- Ability to view the Data Entry Routine within payroll upload center
Pre-approved Plan Document Program Update June 03, 2014
On March 25, 2014 the IRS released a notice saying the submission period for vendors and volume submitters to submit their 403(b) plan documents to the IRS for review and approval was being extended to April 15, 2015.
On March 25, 2014 the IRS released a notice saying the submission period for vendors and volume submitters to submit their 403(b) plan documents to the IRS for review and approval was being extended to April 15, 2015.
Am I a Fiduciary? March 11, 2014
Well, That Depends...The question of whether one is a fiduciary for a 403(b) plan is a complicated one.
Well, That Depends...The question of whether one is a fiduciary for a 403(b) plan is a complicated one.
Post Retirement Contributions March 11, 2014
EGTRRA codifies the ability of an employer to make employer contributions to a 403(b) plan for a full five years following the year of the employees' severance from employment with the current employer in Section 403(b)(3).
EGTRRA codifies the ability of an employer to make employer contributions to a 403(b) plan for a full five years following the year of the employees' severance from employment with the current employer in Section 403(b)(3).
Defense of Marriage Act (DOMA) ruling and how it affects your retirement plan March 11, 2014
The Supreme Court, in U.S. v. Windsor, ruled on June 26, 2013 that §3 of the federal Defense of Marriage Act (DOMA) is unconstitutional. How does this affect your retirement plan?
The Supreme Court, in U.S. v. Windsor, ruled on June 26, 2013 that §3 of the federal Defense of Marriage Act (DOMA) is unconstitutional. How does this affect your retirement plan?
In-Plan Roth Conversions March 11, 2014
On January 1, 2013, Congress passed H.R. 8, the "American Taxpayer Relief Act of 2012." Thankfully, this Act does not affect any of the current contribution or compensation limits with regard to retirement savings plans; however, it does expand in‐plan Roth conversions and extend IRA charitable rollovers.
On January 1, 2013, Congress passed H.R. 8, the "American Taxpayer Relief Act of 2012." Thankfully, this Act does not affect any of the current contribution or compensation limits with regard to retirement savings plans; however, it does expand in‐plan Roth conversions and extend IRA charitable rollovers.
Employee Plans Compliance Resolution System - EPCRS March 11, 2014
As many of you are aware, EPCRS, or the Employee Plans Compliance Resolution System, is the list of procedures that may be used to correct plan defects in 403(b), 457(b), and other qualified retirement plans, such as 401(k) plans.
As many of you are aware, EPCRS, or the Employee Plans Compliance Resolution System, is the list of procedures that may be used to correct plan defects in 403(b), 457(b), and other qualified retirement plans, such as 401(k) plans.
Affordable Care Act March 11, 2014
ACA requires that all employers subject to the Fair Labor Standards Act (FLSA) distribute a Health Insurance Marketplace Notice (the Notice) to all employees by October 1, 2013.
ACA requires that all employers subject to the Fair Labor Standards Act (FLSA) distribute a Health Insurance Marketplace Notice (the Notice) to all employees by October 1, 2013.
Impact on Retirement Savings of the Budget and Debt Ceiling Stalemate March 11, 2014
How may the Budget and Debt Ceiling Impact your Plan?
How may the Budget and Debt Ceiling Impact your Plan?
Savemy403b.org March 11, 2014
Some states are considering adopting state-wide 403(b) plans. Additionally, states are thinking about replacing their defined benefit plans with defined contribution plans that may eliminate the need for a 403(b) plan. Understand what is happening to 403(b) plans by reviewing the website:
Some states are considering adopting state-wide 403(b) plans. Additionally, states are thinking about replacing their defined benefit plans with defined contribution plans that may eliminate the need for a 403(b) plan. Understand what is happening to 403(b) plans by reviewing the website:
The Difference an Advisor Can Make March 11, 2014
A study for the Retirement Advisor Council found partnering with a professional retirement plan adviser offers benefits for plan sponsors.
A study for the Retirement Advisor Council found partnering with a professional retirement plan adviser offers benefits for plan sponsors.
Suspending Safe Harbor Matching and Nonelective Contributions March 11, 2014
In November the IRS announced that plan sponsors have the ability to suspend safe harbor matching and nonelective contributions midyear.
In November the IRS announced that plan sponsors have the ability to suspend safe harbor matching and nonelective contributions midyear.
Tax Credit Helps Low- and Moderate-Income Workers Save for Retirement March 11, 2014
Plan Now to Get Full Benefit of Saver's Credit; Tax Credit Helps Low- and Moderate-Income Workers Save for Retirement.
Plan Now to Get Full Benefit of Saver's Credit; Tax Credit Helps Low- and Moderate-Income Workers Save for Retirement.
Plan Sponsor Annual Report March 11, 2014
Our Annual Plan Reports will provide a snapshot of key plan census, participation, and contribution data over the past year. Use this data to identify areas that could benefit from additional attention and to create an employee education campaign using the communication resources offered through Connect2Achieve®
Click Learn More, login as a "Plan Sponsor" and go to Tools > Reports > View Reports to download or view your Year In Review Report for 2013.
Our Annual Plan Reports will provide a snapshot of key plan census, participation, and contribution data over the past year. Use this data to identify areas that could benefit from additional attention and to create an employee education campaign using the communication resources offered through Connect2Achieve®
Click Learn More, login as a "Plan Sponsor" and go to Tools > Reports > View Reports to download or view your Year In Review Report for 2013.
Salary Reduction Forms
Please be advised that this web content is not intended as legal or tax advice. Accordingly, any tax information provided in this web content is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. The tax information was written to support the promotion or marketing of the transactions(s) or matter(s) addressed, and you should seek advice based on your particular circumstances from an independent tax advisor.
