IRS Announces 2025 Pension Plan Limitations
The Internal Revenue Service announced the cost of living adjustments (COLA) for tax year 2025. Click above to view the full listing of COLA updates and a sample Participant Notice.
IRS Announces 2024 Pension Plan Limitations
The Internal Revenue Service announced the cost of living adjustments (COLA) for tax year 2024. Click above to view the full listing of COLA updates and a sample Participant Notice.
Form 5500 Revision Results in Less Plan Audits to be Performed
Beginning with the 2023 Form 5500 – Annual Return/Report of Employee Benefit Plan, fewer plans will require an audit due to the method for determining when a defined contribution plan (e.g. a 401(k) or 403(b) retirement plan) may file as a small plan being revised. Learn more.
Long-Term/Part-Time Employee Eligibility
The SECURE Act will soon allow part-time employees meeting specific hour requirements to participate in their company’s retirement plan. This requires an enormous amount of work to track part-time employee hours over consecutive years to meet requirements. Learn more.
Fidelity Bond Coverage Reminder
The Employee Retirement Income Security Act of 1974 (ERISA) requires that every person who handles plan assets to be bonded to protect the plan from losses due specifically to fraud or dishonesty. Read more.
IRS Announces 2022 Pension Plan Limitations
The Internal Revenue Service announced the cost of living adjustments (COLA) for tax year 2022. Click here for the defined contribution plan highlights.
Secure Act
Congress passed the SECURE Act on December 19, 2019. Most provisions were effective as of 2021. Click above to learn more about the new participation requirements and rules for 401k plans.
IRS Announces 2021 Pension Plan Limitations
The Internal Revenue Service announced the cost of living adjustments (COLA) for tax year 2021. These adjustments affect various limits for retirement savings plans. Click here for more information.
Gilliam Bell Moser Social
Afternoon social with the new Gilliam Bell Moser staff.
Mid-year Suspension of Safe Harbor Contributions
Many disruptions and changes will continue due to the COVID-19 crisis. To help answer questions regarding challenges associated with 401(k) safe harbor contributions, we prepared a question and answer resource.