Insights: Newsletter

Learn about the importance of education Plan Participants, because the more they know, the better.

The effective date of enactment for SECURE 2.0 Act of 2022. Details on effective for Plan years beginning on or after 1/1/23, 1/1/24, 1/1/25 for SECURE 2.0. Year-End Data Requests. Action items for SECURE 2.0 coming soon. Upcoming Deadlines for Calendar-Year Plans.

As you gear up for business in 2023, take a look at recent history to understand the changes and challenges businesses have faced: Inflation, supply chain interruptions and delays, rising interest rates, the threat of recession, and global instability. So how do we respond to the unknowns and prepare ourselves to be successful in a challenging environment? We wanted to highlight key business trends to consider for your business model.

In this edition, we discuss the new IRS Cost of Living Adjustments for 2023, proper plan record storage, new plan year checklist, deadline extension for the CARES Act and SECURE Act Amendments, and important 2022 deadlines.

Review the Summer 2022 Edition of Benefit Insights to learn more about the important 2022 deadlines and Form 5500 insights.

Reflecting on our previous issue of Plain & Simple, a lot of the issues people were dealing with last Fall still remain true, including labor shortages and supply chain issues. Only now we’ve also added inflation that hasn’t been seen in years, rising fuel and energy prices, and general uncertainty around global security and the global economy.

Check out the 2021 Annual Report, "Inside Out," to see how we focused on what changes we should make from the inside out to better serve our clients and communities and give our employees challenging and fulfilling experiences.

In this edition, we discuss important 2022 deadlines, including Cycle 3 restatements, 401(k) plans for long-term part-time employees, and navigating the labyrinth of required minimum distributions.

The cost of living adjustments were just announced by the IRS and it affects the dollar limitations for retirement plans. Read this edition of Benefit Insights to learn more.

Review the latest from the Fall 2021 edition of Plain & Simple.