The federal government has released the 2024 dollar limits that apply to qualified retirement plans. Download our 2024 Plan Limit document to compare these new limits with 2023. If you have any questions, please contact your plan consultant.
Save the date for National Retirement Security Month: Coming in October! A great opportunity to increase awareness about the importance of saving for retirement! Stay tuned for campaign materials and more information from Randall & Hurley.
Monday, January 1st (New Years Day Observed) Friday, March 29th (Good Friday) closure at 2:00 Monday, May 27th (Memorial Day) Wednesday, June 19th (Juneteenth National Independence Day) Thursday, July 4th (Independence Day) Monday, September 2th (Labor Day) Wednesday, November 27th (day before Thanksgiving) closure at 2:00 Thursday, November 28th (Thanksgiving) Friday, November 29th (Day after [...]
Friday, April 10th our offices will be closing at 2pm. The markets will be closed–no trades will be processed. Enjoy the Easter weekend!
We have summarized the main provisions of the SECURE Act. Download this summary for your reference. You are always welcome to contact you Plan Consultant with questions.
A Safe Harbor 401(k) plan generally satisfies the non-discrimination requirements for elective deferrals and employer matching contributions as long as a few rules are satisfied. For a 401(k) Plan to be considered a Safe Harbor plan, employers are required to make certain contributions on behalf of their employees (highly compensated employees may be excluded from [...]
Plan sponsors have been inundated with notices and disclosures which must be distributed to plan participants and beneficiaries on a periodic basis. Both the Treasury and the Department of Labor (“DOL”) understand that the ability to electronically deliver participant notices and documents can be a considerable cost savings and convenience. Each agency has its own [...]
The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is committed to protecting employee contributions to 401(k) and other defined contribution plans. As part of this commitment, they want to ensure that employee elective deferrals and loan payments are deposited to the plan’s trust account in a timely manner and have provided employers a [...]
One of our favorite holidays is right around the corner. The Plan Sponsor Council of America (“PSCA”) has celebrated National 401(k) Day four days following Labor Day since 1996. This year National 401(k) Day will be on Friday, September 8th and we want you to celebrate with us! This day is a perfect opportunity for [...]
All too often, the sponsor of a 401(k) or 403(b) plan discovers that elective deferral contributions were not deducted from the pay of an eligible employee(s) which results in what the IRS calls a “missed deferral opportunity.” Other types of errors that fall into this category are; failure to inform an eligible employee of a [...]
