Resources

2024 Employee Benefit Indexed Limitations

View the Employee Benefit Indexed Limitations for the 2024 plan year. Learn More >

Required Annual Tests - 2024

Be sure your qualified plan is fully tested every year. The following article summarizes eight tests that are required annually. Learn More >

Small Business Retirement Plan Options - 2024

A review of plan features for the 4 types of common plan designs used by small employers. Learn More >

403(b) vs. 401(k) - 2024

403(b) plans are generally subject to fewer technical requirements and less administrative burdens than 401(k) plans. Learn More >

Tracking Compensation and Getting It Right

According to the IRS, one of the most common mistakes that employers make when administering their retirement plans is using the wrong employee compensation. Learn More >

Converting a SIMPLE IRA to 401(k) Midyear

Although SIMPLE IRAs may initially be the best fit for certain small businesses, they may not continue to be the best fit over time. Learn More >

New Form 5500 Audit Requirements

The Department of Labor finalized changes to the Form 5500 financial statement audit requirement for retirement plans for plan years beginning on or after January 1, 2023. Learn More >

Form 8955-SSA: Late-Filing Notices

RMS has become aware of a glitch in the IRS system that led to erroneous late-filing notices being issued for Form 8955-SSA. Learn More >

SECURE 2.0 Act: Catch-Up Contributions

On August 25, 2023, the IRS released Notice 2023-62. Learn More >

Details of the SECURE 2.0 Act: Provisions Related Specifically to 403(b) Plans

This article focuses on the three specific changes for section 403(b) tax-sheltered annuity plans (403(b) plans) that did not affect 401(k) plans. Learn More >

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