One remedy could be implementing a strategic benefit plan, which will help you find ways to contain or even cut costs while still offering competitive benefits. In addition, we provide comprehensive solutions for many nonprofit clients in the areas of pension consulting and pension administration, su...
An employee of Bethesda Hospital, Inc., sought a lump sum distribution from his employee pension account so that he could attend medical school. To accommodate that request, the hospital's board amended the plan to allow the lump sum distribution. Several years later, after learning about that...
We are also members of the AICPA’s Employee Benefit Plan Audit Quality Center. How We Can Help AssuranceWe conduct employee pension plan audits and complete form 5500 to ensure your plan is filed with the Department of Labor within the Employee Retirement Income Security Act (ERISA) ...
ERISA compliance (advice on plan governance, fiduciary training, and cybersecurity risks for employee benefit plans), the Affordable Care Act, the Internal Revenue Code, the SECURE 2.0 Act, the CARES Act, and other laws affecting employee benefit plans Negotiating severance, vendor, trust, investm...
ERISA compliance (advice on plan governance, fiduciary training, and cybersecurity risks for employee benefit plans), the Affordable Care Act, the Internal Revenue Code, the SECURE 2.0 Act, the CARES Act, and other laws affecting employee benefit plans Negotiating severance, vendor, trust, investm...
We develop benefits plans and advise businesses with 401(k), pension, and incentive compensation plans on their tax and ERISA obligations.
required to offerpension benefits, and it depends on their discretion. However, upon retirement many workers receive a monetary benefit from their employers in the form of a pension. There are basically two types of pension plans. And no plan shoulddiscriminateagainst members of a protected class...
setting out the limits on benefits and contributions for 2024. As expected, the limits rose, but not as steeply as last year. Maximum deferrals under a 401(k) or 403(b) plan rose from $22,500 to $23,000, while maximum benefits under a defined benefit plan rose from $265,000 to $...
Sisterson's employee benefit plan team provides services for virtually all plan types including, but not limited to, defined contribution retirement plans including profit-sharing, 401(k) and 403(b) plans; defined benefit, money purchase, and multiemployer pension plans; union represented plans; ma...
To ensure that participants do not lose their retirement assets if a defined-benefit pension plan is terminated, or other circumstances (such as company bankruptcy) arise, ERISA guarantees payment of certain benefits through a federal agency known as thePension Benefit Guaranty Corporation (PBGC).87...