News & Insights

The SECURE Act 2.0 brings major changes to the U.S. Retirement System and builds upon enhancements in the SECURE Act of 2019.

Whether your organization’s retirement plan has been up and running for several years or you are looking into implementing a new plan, you may have questions about which plan-related expenses can be paid by the plan and which expenses the…

Improving Retirement Security with the Rise & Shine Act  In June 2022, the Senate Health, Education, Labor and Pensions Committee (HELP) voted to advance the Retirement Improvement and Savings Enhancement Act to Supplement Healthy Investments for the Nest Egg…

What You Need to Know  On December 18, 2020, the Department of Labor (DOL) adopted a new prohibited transaction exemption under ERISA and the Internal Revenue Code for investment fiduciaries with respect to employee benefit plans and individual retirement accounts…

Named by Investment Advisor magazine as the “Father of Fiduciary,” Don Trone, the CEO and co-founder of the behavioral governance and neuro-fiduciary firm 3ethos, is on a…

Cash balance plans are defined benefit retirement plans that enable business owners to make meaningful tax-deductible contributions each year and accumulate significant retirement savings on a tax-deferred basis. Often suitable for small- to mid-sized business owners, a cash balance plan…

Increasing Small Business Retirement Choices   Senators Jacky Rosen (Democrat, Nevada) and Tim Scott (Republican, South Carolina) have introduced the bipartisan Increasing Small Business Retirement Choices Act. This proposed legislation aims to reduce…

Many Americans struggle to save for retirement and to seize their opportunities for greater retirement security. Earlier this year, the House of Representatives passed the Securing a Strong Retirement Act. Two Senate committees also advanced their own retirement savings-focused legislative…

Let’s Talk Tax…  In this article, we provide a Cycle 3 restatement reminder and update you on important upcoming compliance deadlines for defined contribution plans.  Article Continues Below LIFE Act: What is the Lifetime Income…

Representatives Donald Norcross (D-NJ) and Tim Walberg (R-MI) who are both members of the House Committee on Education and Labor, reintroduced the bipartisan Lifetime Income for Employees (LIFE) Act of 2022. This proposed legislation would…

The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 and the Internal Revenue Service (IRS) extended the deadline for employers to adopt new qualified retirement plans that are effective for the preceding taxable year until the…

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…

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…

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:…

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…

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 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…

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,…

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.