Here’s a question that comes up more often than you might think: What happens if a client ends their SIMPLE IRA midyear and switches to a Safe Harbor 401(k)? And – as an aside – what happens if the employee hasn’t had the SIMPLE IRA for two full years when this...
A new provision under the SECURE 2.0 Act allows employees to choose having some employer contributions added to your Roth account under your employer’s plan – but it pays to know the ins and outs of this new rule. This SECURE 2.0 Act provision might sound appealing...
It’s 2026 and the SECURE 2.0 Act of 2022 continues to draw attention, including an often-overlooked optional provision that allows retirement plan sponsors to raise the automatic cash-out limit for terminated participants’ vested account balances from $5,000 to...
Earlier this year, high earners wanting to make catch-up contributions in their workforce retirement plans have to do so in their Roth IRA accounts – which means they’ll be losing the near-term tax advantage or writing them off. This change, which was approved in the...
A new year is here, so what are some 2026 predictions for plan sponsors? There is an ever-changing landscape and 2026 will surely continue to drive forward that change. Here are some trends we think plan sponsors will see in the new year. Legislation: We think the...
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