AUGUST NEWSLETTER
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LABOR DAY WEEKEND UPDATE
Holiday Schedule Friday, September 2nd our office will be close at 2pm -- trades will be processed as normal. Monday, September 5th -- Markets will be closed and no trades will be processed in observance of Labor Day. Wishing you a wonderful long weekend!
JULY NEWSLETTER
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RESOURCE SPOTLIGHT: PLAN DOCUMENTS & PARTICIPANT FORMS
Plan documents and participant forms Downloading important plan documents and participant forms has never been easier. In most cases, you can access these documents from our website using the attached instructions. You may want to keep a copy of these instructions with your HR Policies and Procedures manual.
WHAT YOU NEED TO KNOW WHEN IT COMES TO HARDSHIP DISTRIBUTIONS
Approving Hardship Distributions If your plan allows participants to receive hardship distributions or loans for hardship purposes, the plan sponsor must (1) ensure the participant satisfies the requirements of a hardship distribution and (2) obtain documentation to support that claim. The plan document sets forth specific criteria used to determine a hardship, such as medical [...]
RESOURCE SPOTLIGHT: SAVER’S CREDIT
Saver's Credit Employees with low-to-moderate income should be aware of the Saver's Credit. This tax credit enables them to save for retirement and save on taxes. We encourage you to share this one-page flyer with your employees.
JUNE NEWSLETTER
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INDEPENDENCE DAY NOTICE
Friday, July 1st - Our office will be closed at 2pm for the holiday weekend. Monday, July 4th - The markets, as well as our Randall + Hurley office, will be closed for the 4th of July. Wishing everyone a happy and safe Independence Day!
MAY NEWSLETTER
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RESOURCE SPOTLIGHT: FEDERAL TAX WITHHOLDING
HOW TO SUBMIT FEDERAL TAX WITHHOLDING When a participant receives a taxable distribution from the plan, the IRS requires a minimum of 20% be withheld from the distribution for federal income tax withholding. This amount must be remitted to the IRS. In many cases, your investment custodian performs this task for you. But if not, [...]