August 2018 ::: FAQ of the Moment

What is the 401(k) contribution limit?

August 2018 ::: FAQ of the Moment

What is Automatic Enrollment?

August 2018 ::: FAQ of the Moment

Are Roth 401(k) contributions allowed?

August 2018 ::: FAQ of the Moment

How does PPA 2006 affect my 401(k) Plan?

August 2018 ::: FAQ of the Moment

What is a Safe Harbor Plan?

August 2018 ::: News

The Department of Labor and the Internal Revenue Service mandates that all eligible employees be notified of their right to participate in your company's retirement plan. They must be given written information about the plan and must complete and sign an enrollment form indicating whether or not they will be participating in the plan.

Remember, Employer Contributions must be made by the due date of your corporate tax returns on extension to be tax deductible.

August 2018 ::: News

The Department of Labor (DOL) is taking a very firm position that employee 401(k) salary deferrals and employee loan repayments must be transferred from the Employer to the Plan’s Investment Trust as soon as administratively feasible. The DOL has said that their definition of "as soon as administratively feasible" is the same day that the Employer makes payment of an employee’s payroll.

 


401(k) Savings with Profit Sharing

A 401(k) can be one of your best tools for creating a secure retirement. It provides you with two important advantages. First, all contributions and earnings to your 401(k) are tax-deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, some employers provide matching contributions to your 401(k) account which can range from 0% to 100% of your contributions. The combined result is a retirement savings plan you can not afford to pass up.


United Benefit Pensions, Inc.
35 Pinelawn Road Suite 103E
Melville, NY

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.


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