Retirement Plan Changes Proposed in COVID-19 CARES Act
Barnes Dennig is dedicated to helping you identify opportunities, options and strategies to minimize the impact of the COVID-19 Pandemic. Visit our COVID-19 Advisory Services Page here to learn more. On March 23, 2020, S.3548, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was introduced in the Senate.
SECURE Act Makes Improvements to Nation’s Retirement Policy
Final legislation enacted December 20, 2019 included the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which consists the most updates to retirement legislation in over a decade. Many of the provisions aim to encourage more Americans to improve their retirement savings. And while many of the changes offer
The SECURE Act – New Retirement Plan Legislation
On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act. The new rules will allow individuals to save more for retirement and influence how they can use the funds over time. These changes should have an immediate impact on plan sponsors and participants
Does Your Ohio 401(k) Plan Need An Audit?
Some Ohio businesses’ 401k and retirement plans are too small to need an external audit. Generally speaking, only when your participant count exceeds 100 will you be required to conduct a benefit plan audit. However, there is one exception to this general rule. The “80-120 rule,” as it is commonly
DOL Relaxes 401(k) Rules for Small Businesses
On July 29, 2019, the U.S. Department of Labor released a final ruling that allows smaller businesses to link together and create joint 401(k) retirement plans for employees. This ability to link plans, historically restricted to businesses with common ownership, can provide significant cost savings as these joint plans will
How Benefit Plan Leaders Use Cybersecurity to Protect Participant Data
On June 13, 2019, Barnes Dennig and The Rinehart Sussli Financial Group of UBS hosted a group of experienced professionals for the sixteenth Annual Employee Benefit Plan Seminar. Given that retirement plans are a valuable tool for rewarding and attracting top talent, our goal is to help the business community