Traditional Defined Benefit Plan or Cash Balance Plan, Which is The Best Way to Go?

There are two general types of pension plans: defined benefit plans and defined contribution plans. Which is the best way to go?

Mar 18, 2014

There are two general types of pension plans: defined benefit plans and defined contribution plans. Defined benefit (DB) plans provide a specific benefit at retirement for each eligible employee, while defined...

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IRA

Contribute to Your IRA for 2013, It’s Not Too Late!

As a reminder, taxpayers have until the filing deadline for their 2013 tax return (generally, April 15) to make an IRA contribution for last year

Mar 10, 2014

As a reminder, taxpayers have until the filing deadline for their 2013 tax return (generally, April 15) to make an IRA contribution for last year.  An IRA contribution may be a...

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A Practical Guide for Setting Your New Cash Balance Plan’s Interest Crediting Rate

The popularity of cash balance plans for small businesses continues to grow and as we consult with prospective clients and their investment advisors, the second biggest decision after deciding to go forward with adopting the new plan always seems to be the interest crediting methodology.

Mar 03, 2014

The popularity of cash balance plans for small businesses continues to grow and as we consult with prospective clients and their investment advisors, the second biggest decision after deciding to go...

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The New FSA Use or Lose Ruling

The US Treasury Department modified its FSA “use-it-or-lose-it” provision to allow rollover of FSA funds. Learn more how this can benefit your company.

Feb 19, 2014

We are excited to share an announcement from the US Treasury/IRS that will make FSAs more attractive to employees. The “use it or lose it” rule has been a deterrent for...

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