News & Insights

Trusted advisors from ABG Southwest are highlighting key Q1-2022 tax deadlines for defined contribution plans, participant benefit strategies, and legislative updates on the Disaster Retirement Savings Act.

Two topics that continue to pique investor interest are ESG investing and cryptocurrency. Although investment fads are nothing new, the fear of missing out on that next hot trend can feel very real. Plan participants may have already started asking…

Many retirement plan participants are familiar with the elective deferral contribution limit but there is a lesser-known non-Roth after-tax feature that can allow employees to save additional money. The after-tax feature in a 401(k) plan can be extremely beneficial,…

With the major disruptions for businesses over the past two years, retirement plan errors are entirely plausible as plan sponsors may have unintentionally fallen behind in keeping track of compliance procedures and deadlines. However, once a plan mistake has…

The House Ways and Means Committee, as part of the $3.5 trillion social spending plan, proposed legislation that employers who do not currently offer their employees a retirement plan will automatically enroll employees into individual retirement…

ABG Southwest advisors highlight upcoming IRS compliance deadlines for calendar-year defined contribution plans as well as the opportunity for catch-up contributions for older retirement plan participants.  

On April 14, 2021, the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) issued cybersecurity guidance for employer sponsored retirement plans. This is the first ever issued guidance for plan sponsors, plan fiduciaries, recordkeepers, and plan participants to implement…

At the end of 2020, the Department of Labor (DOL) adopted a rule that reinstates the five-part test to determine what is or isn’t investment advice and implements a new prohibited transaction exemption that expands fiduciary advice to include rollover recommendations. In…

Senators Chuck Grassley (R-Iowa), Maggie Hassan (D-New Hampshire), and James Lankford (R-Oklahoma) introduced a bill named the Improving Access to Retirement Savings Act. This proposed bill will extend retirement plan choices to nonprofit groups and provide incentives to encourage small…

The Securing a Strong Retirement Act is a new piece of proposed legislation designed to encourage individuals to save more in their working years so they can enjoy a financially secure retirement. It has already been dubbed the SECURE Act…

In this issue of Tax Talk, ABG Southwest advisors update you on important compliance deadlines coming up for defined contribution plans and also discuss the importance of the Retirement Savings Contribution Credit and how this credit can be applied.

Meeting the requirements and opportunities presented by the Setting Every Community Up for Retirement Enhancement (SECURE) Act and the Coronavirus Aid, Relief and Economic Security (CARES) Act can becomplex. Key considerations as we move forward in 2021 include the…

Principal’s Letter In this issue of the ABG Newsletter we explore: Potential retirement plan provisions in 2021Cybersecurity tips for plan sponsors and participantsKey CARES Act and SECURE Act considerationsUpcoming compliance deadlinesLegislative developments of noteThe Latest ABG News We hope you…

Employers and retirement plan sponsors continue to be focused on participant outcomes when it comes to fine-tuning and managing their company’s retirement plans, Fidelity Investments’ 2020 Plan Sponsor Attitudes survey reveals. In this article, we will review survey highlights and…

As American workers and businesses continue to grapple with the health and economic ramifications of the COVID-19 global health crisis, the Consolidated Appropriations Act of 2021 (otherwise known as CARES Act 2.0) was signed into law on December 27, 2020.

In this issue of Tax Talk, we update you on important upcoming compliance deadlines for defined contribution plans as well as provide a quick reminder of the SECURE Act’s ruling on part-time employee participation effective this year. Upcoming Compliance Deadlines…

The SECURE Act, implemented at the end of 2019, and the CARES Act, implemented in March of 2020, provided a number of new retirement plan provisions for plan sponsors to consider. During the pandemic, as some businesses and industries have…

While some employees are still facing financial challenges, other employees may be ready to get back on track with their retirement goals—and many of them may need information so they can determine their next steps. Plan sponsors should start…

The economic impacts from the COVID-19 pandemic continue to be felt across the U.S., and employees and businesses are bearing the brunt of the challenges. As many businesses partially open or close entirely, plan sponsors are faced with managing numerous…

As we begin to wrap up the year and the COVID-19 crisis continues to impact our communities, ABG Southwest is ready to help in any way we can, from discussing retirement plan participation and trends to highlighting approaching deadlines. In…