9 May 2017 - Arizona, US-based third party administrator of qualified retirement plans
Pinnacle Plan Design, LLC has acquired Arizona, US-based actuarial consulting firm Kollman and Associates, Ltd.
An earlier IRS notice from 2014 did require qualified retirement plans
to be amended to reflect the Windsor v.
For those clients who are eligible to take lump sum distributions from their qualified retirement plans
, however, often overlooked considerations must be taken into account in order to take full advantage of the potential tax savings that can be realized if retirement plan assets include appreciated company stock.
In the case of qualified retirement plans
, this could be the plan sponsor, plan administrator or any other plan fiduciary.
Administrators of employee benefit plans, as well as qualified retirement plans
should determine if they meet the definition of fiduciary.
QUALIFIED RETIREMENT PLANS
THAT HAVE NOT BEEN properly updated or have not been operating according to plan provisions may be disqualified and, as a result, lose important tax benefits.
Contributions to HSAs are pre-tax, and qualified retirement plans
are tax-deferred, and both also accumulate tax-free.
Investment Advisor (Shrewsbury, NJ), a magazine serving independent financial advisors published by Wicks Business Information, has launched Retirement Plan Advisor/Interactive Edition, a monthly e-newsletter focusing on the needs of readers who offer 401(k) and other qualified retirement plans
to their clients.
The Treasury and IRS issued final regulations regarding minimum distribution rules for defined benefit plans and annuity products purchased with account balances in other types of qualified retirement plans
Establishing and maintaining qualified retirement plans
is very costly for employers.
New tax laws require all qualified retirement plans
to be restated.
Even though qualified retirement plans
are subject to numerous pension law protections (namely, the Employee Retirement Income Security Act of 1974, more commonly known as ERISA), individuals often prefer not to leave their retirement funds under the control of an organization where they no longer work.