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Stay the Course in Uncertain & Volatile Times
With the market’s volatile start to the year, it’s understandable why plan participants may be concerned. It’s often the fear of the unknown that causes individuals to act on emotion and make decisions they may later regret. Right now, we… -
SECURE Act 2.0: More Change on the Horizon for Retirement Plans
The Securing a Strong Retirement Act (better known as the SECURE Act 2.0) is a follow-up to the Setting Every Community Up for Retirement Enhancement (SECURE) Act that was signed into law on December 20, 2019. The U.S. House of… -
Tax Talk & Changes in Required Minimum Distribution Rules
Important compliance deadlines are just around the corner for defined contribution plans. ABG Southwest advisors are also discussing recent changes to the required minimum distribution (RMD) rules which have important implications for retirees. Article Continues Below Benefits & Recruiting:… -
Plan Adviser Magazine: ABG Among Top 10 Recordkeeping Firms in the US
Alliance Benefit Group (ABG) was just announced as one of the top 10 recordkeeping firms in the country by Plan Adviser Magazine. And ABG is the only “independent” firm on the list, as other firms… -
Workplace Benefits that Attract & Retain —After COVID-19
Although the worst of the pandemic is now, we hope, behind us, the lifestyle disruption has created a monumental shift in how people work. This disruption has affected nearly every industry and has caused many individuals to take a… -
How Healthcare Impacts Retirement Savings
How Can You Adapt Your Retirement Plans for Rising Costs in Healthcare? Healthcare is one of the largest expenses during one’s retirement and costs continue to rise. These costs are rising primarily due to an aging population and longer… -
Financial Wellness Programs Are Essential for Your Employees
From Job Perk to Essential Benefit: The Demand for Financial Wellness Programs There is a strong connection between mental health and finances. Financial problems can lead to a valued company team member feeling anxious and/or depressed and, in turn,… -
What is the Automatic Retirement Plan Act?
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… -
Tax Talk: Defined Contribution Plan Compliance Deadlines
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. -
First Ever DOL Issued Cybersecurity Guidance
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… -
The DOL’s Rollover Guidance - The Opportunities & Challenges
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… -
Legislative Highlights - Improving Access to Retirement Savings Act
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… -
Securing Your Retirement Savings
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… -
"Tax Talk" - Summer 2021
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. -
Keeping Up with CARES Act & Secure Act Provisions
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… -
Highlights from Fidelity’s Plan Sponsor Attitudes Survey
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… -
The CARES Act 2.0: What Employers Need to Know
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. -
"Tax Talk" - Winter 2021
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… -
Restarting Retirement Plan Participation
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… -
Shepherding Participants from 401(k)s to Rollover IRAs
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…