Combo Plans

For plan years beginning in 2024, this new optional opportunity is for the plan to treat Qualified Student Loan Payments (QSLPs) as if they were elective deferrals to the plan (even though they were not contributed to the plan) and to provide a matching contribution to the plan as if they were.

Posted on October 1, 2024 By Kushner & Company
Categories: 
401(k), 
Administration, 
Blog, 
Combo Plans, 
Defined Contribution Plan, 
Educational Assistance, 
Retirement Plans

In a recent PLR from the IRS, an interesting optional approach to allow an employee to direct their employer contributions to a qualified retirement plan (such as a 401(k) plan) opens the door to some possibilities for employers looking to expand their benefit offerinngs without increasing costs.

Posted on September 18, 2024 By Kushner & Company
Categories: 
401(k), 
Administration, 
Blog, 
Combo Plans, 
Defined Contribution Plan, 
Plan Document Services (RPS), 
Profit Sharing, 
Retirement Plans, 
Team Rewards

Almost every organization that sponsors employee benefit plans must file IRS Form 5500. Of course, there are different rules and requirements for 5500s based on the type of plan being reported. In today’s post, we’re going to look at a few of the common questions that we receive about 5500s.

Posted on February 1, 2024 By Kushner & Company
Categories: 
401(k), 
Administration, 
Benefits, 
Blog, 
Cash Balance, 
Combo Plans, 
Defined Contribution Plan, 
ERISA-ACA Compliance, 
FSA / HSA / HRA, 
Health Reimbursement Arrangements (HRA), 
HR Compliance, 
IRS Form 5500 Services (BDA), 
IRS Form 5500 Services (RPS), 
Money Purchase, 
Profit Sharing, 
Qualified Small Employer HRA (QSEHRA), 
Retirement Plans, 
Team Rewards, 
Total Rewards

The IRS has now released all of the 2024 benefit limits. These include both the cafeteria and health plan limits as well as all of the qualified retirement plan limits.

Earlier this year, they also released the High Deductible Health Plan (HDHP) and Health Savings Account (HSA) limits.

Posted on November 9, 2023 By Kushner & Company
Categories: 
401(k), 
Administration, 
Benefits, 
Blog, 
Cash Balance, 
Combo Plans, 
Commuter Benefits, 
Defined Contribution Plan, 
ERISA-ACA Compliance, 
Flexible Spending Accounts (FSA), 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Reimbursement Arrangements (HRA), 
Health Savings Accounts (HSA), 
HR Compliance, 
Money Purchase, 
Profit Sharing, 
Qualified Small Employer HRA (QSEHRA), 
Retirement Plans, 
Total Rewards

401(k)’s and other retirement plans are extremely technical, But by working with a highly skilled Third Party Administrator (TPA), employers can be supported in these tasks, assured their plan is running smoothly, and in compliance with ERISA and IRS regulations.

Posted on October 5, 2023 By Kushner & Company
Categories: 
401(k), 
Administration, 
All Articles, 
Blog, 
Cash Balance, 
Combo Plans, 
Defined Contribution Plan, 
HR Compliance, 
HR Outsourcing, 
IRS Form 5500 Services (RPS), 
Money Purchase, 
Nonqualified Plans (Executive Compensation), 
Plan Document Services (RPS), 
Profit Sharing, 
Retirement Plans, 
Summary Plan Descriptions, 
Team Rewards, 
Total Rewards

All 401(k) catch-up contributions must be Roth (after-tax), starting in 2024 for anyone earning $145,000+. That's only the beginning.

Posted on July 6, 2023 By Kushner & Company
Categories: 
401(k), 
Benefits, 
Blog, 
Cash Balance, 
Combo Plans, 
Defined Contribution Plan, 
Retirement Plans

The Coronavirus Aid, Relief, and Economic Security Act (CARES) was signed into law on March 27, 2020. It's a mammoth bill of over 880 pages, and contains many employee benefit-related items. This post, the second in the CARES Act series deals with the qualified retirement plan provisions in the Act.

Posted on March 31, 2020 By Gary B. Kushner, SPHR, CBP, President
Categories: 
401(k), 
Administration, 
Benefits, 
Blog, 
Cash Balance, 
Combo Plans, 
COVID-19, 
Defined Contribution Plan, 
Money Purchase, 
Plan Document Services (RPS), 
Profit Sharing, 
Retirement Plans, 
Team Rewards, 
Total Rewards

Much later than usual, the IRS released the 2020 retirement plan contribution limits. Earlier this year, they also released the High Deductible Health Plan (HDHP) and Health Savings Account (HSA) limits. We now also have the cafeteria plan, adoption credit, and transit benefit limits as well.

Posted on November 6, 2019 By Gary B. Kushner, SPHR, CBP, President
Categories: 
401(k), 
Benefits, 
Blog, 
Cash Balance, 
Combo Plans, 
Compensation, 
Defined Contribution Plan, 
ERISA-ACA Compliance, 
Flexible Spending Accounts (FSA), 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Savings Accounts (HSA), 
HR Compliance, 
HR Outsourcing, 
HR Policies and Procedures, 
Money Purchase, 
Plan Document Services (BDA), 
Plan Document Services (RPS), 
Profit Sharing, 
Qualified Small Employer HRA (QSEHRA), 
Retirement Plans, 
Team Rewards, 
Total Rewards

The US Department of Labor has suddenly realized that employers and their employees use a newfangled means of communicating in the real world: e-mail and the internet. In a bold move proposing their latest regulations he DOL has proposed new rules.

Posted on October 28, 2019 By Gary B. Kushner, SPHR, CBP, President
Categories: 
401(k), 
Benefits, 
Blog, 
Cash Balance, 
Combo Plans, 
Compensation, 
Defined Contribution Plan, 
ERISA-ACA Compliance, 
IRS Form 5500 Services (RPS), 
Money Purchase, 
Nonqualified Plans (Executive Compensation), 
Plan Document Services (RPS), 
Profit Sharing, 
Retirement Plans, 
Team Rewards, 
Total Rewards

The IRS has announced the limits for employee benefit plans for 2019.

Posted on November 15, 2018 By Gary B. Kushner, SPHR, CBP, President
Categories: 
401(k), 
Benefits, 
Blog, 
Combo Plans, 
Compensation, 
Defined Contribution Plan, 
ERISA-ACA Compliance, 
Flexible Spending Accounts (FSA), 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Savings Accounts (HSA), 
HR Compliance, 
HR Outsourcing, 
Money Purchase, 
Plan Document Services (BDA), 
Plan Document Services (RPS), 
Profit Sharing, 
Retirement Plans, 
Team Rewards

When small employers make operational errors in their 401(k) or other retirement plans, and before the IRS or DOL provide a notice of an audit, the employer has the ability to self-correct under two different IRS programs.

Posted on January 9, 2018 By Gary B. Kushner, SPHR, CBP, President
Categories: 
401(k), 
Benefits, 
Blog, 
Cash Balance, 
Combo Plans, 
Compensation, 
Defined Contribution Plan, 
ERISA-ACA Compliance, 
HR Compliance, 
HR Outsourcing, 
IRS Form 5500 Services (RPS), 
Plan Document Services (RPS), 
Profit Sharing, 
Retirement Plans, 
Team Rewards

With IRS Notice 2017-64, we now have the applicable retirement and health and welfare benefit limits for 2018. Many (but not all) have increased from 2017. Earlier this year, the IRS announced the 2018 Health Savings Account (HSA) limits and plan designs.

Posted on October 23, 2017 By Gary B. Kushner, SPHR, CBP, President
Categories: 
401(k), 
Benefits, 
Blog, 
Combo Plans, 
Defined Contribution Plan, 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Savings Accounts (HSA), 
HR Compliance, 
HR Outsourcing, 
Retirement Plans, 
Team Rewards