Employers who have adopted a pre-approved Pension Plan – either traditional Defined Benefit or Cash Balance – must restate their plans by March 31, 2025 to stay in compliance with the Internal Revenue Code (“Code”) and Internal Revenue Service (“IRS”)
The Retirement Plan Blog
Helping get your retirement plan from where it is now to where it needs to be
Blog Authors
Latest from The Retirement Plan Blog
SECURE 2.0: The Most Significant Retirement Legislation Since the Revenue Act of 1978
By Jerry Kalish
Here’s why we think so.
Since the passage of ERISA in 1974, retirement plan legislation has been a series of technical and tax-related changes. The Revenue Act of 1978 started out the same way with its focus on:
- Increasing economic
…
When your SIMPLE-IRA no longer fits, maybe it’s time for a 401(k) plan…and November 2 is almost here
By Jerry Kalish
Kids will outgrow their clothes. Sometimes that happens with retirement plans.
If you have a SIMPLE IRA, it may have fit in the beginning. But if you want to change to a 401(k) plan in 2024, you need to take…
Missed the 401(k) Restatement Deadline? Here’s Your Plan B for Compliance
By Jerry Kalish
Miss the deadline…
Rethinking 401(k) Plan Success: The power of deferral rates
By Jerry Kalish
From the beginning of 401(k) plans, the retirement industry has focused on the performance of individual funds as the key driver of retirement readiness. But a study by the Putnam Institute in 2006 and repeated in 2012 concluded that increasing…
Why a one-size-fits-all approach to 401(k) plans doesn’t work
By Jerry Kalish
Because there are now five generations in the workforce for the first time:
- Traditionalists—born 1925 to 1945
- Baby Boomers—born 1946 to 1964
- Generation X—born 1965 to 1980
- Millennials—born 1981 to 2000
- Generation Z—born 2001 to 2020
The challenge to create…
“Compensation” for Sole Proprietors, Partners, and LLP Members … It’s complicated.
By Jerry Kalish
“Compensation” is a timely topic now for employers with retirement plans. It’s that time of the year when decisions are made about retirement plan contributions. The starting point for those decisions is “compensation”.
That starting point is a straightforward matter…
The box that has to be checked by July 31: Retirement Plan Restatement
By Jerry Kalish
