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BenefitPlans.com | 401k Pension Plans | Plan Type | Roth 401k Plan
http://www.benefitplans.com/Retirement_Plans/Qualified_Plans/DC_Plans/401k/roth_401k.asp
Proposed Roth 401K Rules. Roth-style contributions can be made to a 401(k)/403(b) plan by all participants, regardless of their income level. Higher income taxpayers are prohibited from making contributions to Roth IRAs, but not Roth 401(k)s. The annual contribution limit is higher under a 401(k)/403(b) plan than under an IRA: $15,000 ($20,000 if age 50 or older) for a 401(k)/403(b) plan versus $4,000 ($5,000 if age 50 or older) for an IRA; and. Section of our website. Executive Benefit Plans, Inc. Infor...
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BenefitPlans.com | 401k Pension | News Release | Saver's Credit
http://www.benefitplans.com/Retirement_Plans/News_Release/20081203_savers_credit.asp
December 3, 2008 (BENEFITPLANS.com) The latest bulletin from the Internal Revenue Service, IR-2008-134, reminds most qualified plan participants they still have time to take steps to get the full benefit of the saver’s credit. According to the bulletin, elective deferrals to a 401(k), a 403(b) plan, a 457 plan, and the Thrift Savings Plan for federal employees must be made by the end of the year. The saver's credit can be claimed by:. Other rules that apply to the saver’s credit include:. Certain retirem...
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BenefitPlans.com | Pension 401k Plans | EGTRRA | Restatement Procedure
http://www.benefitplans.com/Retirement_Plans/Qualified_Plans/DC_Plans/ETGR_restate_proc.asp
Retirement Plan Documents Must Be Restated for EGTRRA. Economic Growth and Tax Relief Reconciliation Act. The IRS will now review restated plan documents either every five or six years, depending on the type of plan document (individually designed, pre-approved prototype, or volume submitter). Pre-approved plan documents (also referred to as prototype and volume submitter) will be required to be restated every six years. Staggered Five-Year Reporting for Individually Designed Retirement Plans. All pre-ap...
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BenefitPlans.com | Topic | Template
http://www.benefitplans.com/Retirement_Plans/Qualified_Plans/DC_Plans/401k/distributions_not_subject_penalty.asp
When is a 401k Distribution Not Subject to the 10% Penalty? There are only a couple of situations where the IRS will waive the 10% 401k early withdrawal penalty, i.e., a withdrawal prior to the participant reaching age 59 . Amount of your unreimbursed medical expenses greater than 7.5% AGI ( IRC 72(t)(2)(B) ). There is a Qualified domestic Relations Order (QDRO) from the courts that mandate funds from your account go to a former spouse, child, or dependent ( IRC 72(t)(2)(C) ). SOURCE: 401k Help Center.
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BenefitPlans.com | Cash Balance Plans
http://www.benefitplans.com/Retirement_Plans/rp_cash_balance.asp
Frequently Asked Questions about Cash Balance Defined Benefit Pension Plans. What is a cash balance plan? A cash balance plan is a defined benefit plan that defines the benefit in terms that are more characteristic of a defined contribution plan. In other words, a cash balance plan defines the promised benefit in terms of a stated account balance. How do cash balance plans work? Traditional defined benefit pension plans do not offer this feature as frequently. The benefits in most cash balance plans, as ...
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BenefitPlans.com | Strategies | Overview
http://www.benefitplans.com/Strategies/strategies_overview.asp
There are many strategies to consider when establishing a retirement plan when you consider saving strategies. And plan design strategies. All of which come into play when setting up a qualified retirement plan. How you set a plan up for the owner and employee retirement savings can play an important role in determining whether everyone participates as intended. For a detailed explanation. Or request a proposal. To determine how a plan may be effectively designed to meet your company's needs. We ask that...
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Participant Account Data
http://www.benefitplans.com/Account_Data/ad_overview.asp
Plan Design And Administration. Executive Benefit Plans, Inc. helps employers from all across the country establish and maintain retirement programs. In business since 1983, EBP provides comprehensive retirement plan design, administration, and actuarial services for businesses with from one to over a thousand employees. While working with EBP, you'll find we are different from many of our competitors. For example, at a national firm, you'll most likely find highly-qualified employees, yet less indiv...
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BenefitPlans.com | Pension 401k Plans | Saving for the Long Haul
http://www.benefitplans.com/News/401k_long-term_savings.asp
Saving for retirement is about the long term. Most people who have self-directed [retirement] plans need to look at the long term, says Jan Grude, president and executive managing director at Buck Consultants. The current state of financial markets is no indication of the future state of the financial markets. If defined contribution plans have in fact been subjected to the downturn in the market, and a large portion of people's net worth on retirement assets has been wiped out, then we will see an incre...
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BenefitPlans.com | Medical Expense Reimbursement | Sec. 105 | MERP | Overview
http://www.benefitplans.com/Employee_Benefits/Sec_105/Sec_105_overview.asp
Medical Reimbursement - Section 105. The Benefits of Section 105 Plans. Section 105 of the Internal Revenue Code may very well be one of the best-kept secrets for managing your company's health care costs. The medical reimbursement plans allowed under Section 105 provide sole proprietors, partnerships, C corporations, and limited liability companies (LLCs) a full tax deduction for employee medical benefits. For More Detailed Information On This Strategy - Click Here. And Rev. Bulletin 2003-38.
