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News Flash!

Defined Contribution plans: Form 5500 news!

Beneficiary on File?

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

Plan Participants: The More They Know, The Better

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!

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.

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?

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

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

New Plan Year Checklist

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!

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

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. 
About SI GROUP

Trust. Integrity. Expertise. Those are some of the reasons SI GROUP Certified Pension Consultants is Hawaii's largest third-party administration (TPA) firm for tax-qualified retirement plans. We’ve been in this business for over 35 years and we administer approximately 925 profit sharing, 401(k), money purchase, 403(b), Cash Balance and traditional defined benefit pension plans for 25,000 participants. The total value of assets in these plans exceeds $2.8 billion.

Contact Us

SI GROUP Certified Pension Consultants

1299 South Beretania Street
Suite 315
Honolulu, Hawaii 96814

Tel: 808.748.7700
Fax: 808.748.7799