SI GROUP > Serving Employers

Defined Contribution plans: Form 5500 news!

Beneficiary on File?

May 10, 2023 146 146

As part of the enrollment process, participants are asked to elect a beneficiary.

Plan Participants: The More They Know, The Better

May 10, 2023 149 149

As a plan sponsor, do you feel your employees have a clear understanding of the company’s retirement plan?

SECURE 2.0 is a GO!

February 20, 2023 186 186

In 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act increased the Required Minimum Distribution (RMD) age for retirement plan participants from age 70 1/2 to 72.

Stay tuned! Secure 2.0 Act of 2022 includes some action items that may produce beneficial changes in the future.

February 20, 2023 165 165

Secure 2.0 Act of 2022 includes some action items that may produce beneficial changes in the future.

Is it already time to complete another year-end data request?

February 20, 2023 147 147

When Plan Sponsors are asked to provide company and employee census information for a recent plan year, the details being collected affect the contributions that must be calculated and funded as well as which compliance tests the plan must satisfy.

Cost of Living Adjustments for 2023

November 3, 2022 322 322

Save even more for retirement in 2023 due to record breaking increases in limits.

New Plan Year Checklist

November 3, 2022 280 280

Each year, a great deal of attention is paid to the upcoming year end work: census gathering, compliance testing, 5500s, oh my!

Save or Toss? Proper Plan Record Storage a Must!

November 3, 2022 310 310

As the year comes to a close, you may wonder what plan records must be kept and what items can be tossed.

Deadline for CARES Act and SECURE Act Amendments Extended

November 3, 2022 1494 1494

The original due date of the CARES Act and SECURE Act amendments for qualified plans, other than governmental plans, was the last day of the first plan year beginning on or after January 1, 2022, which means December 31, 2022, for calendar year plans.

Articles

SI Group

News Flash!