by paulagooch | Oct 30, 2023 | a&a, Employee benefit plans, Silver Advantage Alerts
By Alina Mouscher, CPA – Supervisor, Accounting & Assurance Reporting requirements for employee benefit plans are changing, effective for plan years beginning on or after January 1, 2023. If you are a small business employer sponsoring a 401(k) plan for...
by paulagooch | Oct 10, 2023 | a&a, Employee benefit plans, Silver Advantage Alerts
By MichaelSilver Retirement plan administrators have received a reprieve from an upcoming deadline that has been causing frustration throughout the benefits industry. The SECURE 2.0 Act of 2022 (SECURE 2.0) affects how certain retirement account holders may make...
by Jay Javier | Feb 18, 2020 | Employee benefit plans, gift and trust services, Silver Advantage Alerts
The SECURE Act was signed into law by President Trump on December 20, 2019. The bill was created to help Americans save for retirement. The following are key provisions related to retirement planning. Elimination of the Maximum Age for Contributions to Traditional...
by Jay Javier | Feb 26, 2019 | Employee benefit plans, Silver Advantage Alerts
The Illinois Secure Choice program is a mandatory state run retirement plan. It will apply to your company if you meet the state mandated criteria (defined below) and if you do not currently offer a retirement plan to your employees. However, even if your company does...
