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Finding Balance with Form 5500

Adam C. Pozek 02/24/23
It’s rare that updates to the Form 5500 warrant little more than a yawn, if anyone other than those who prepare the forms even notice.  That is NOT the case with changes issued by the Department of Labor today.  In nearly 250 pages of new regulations, revised instructions and sample forms, the DOL announced some changes for the 2023 plan year that ...
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Automatic (Enrollment) for the People - Losing Your Discretion

Adam C. Pozek 02/6/23
Ever since creating the ACA, EACA, and QACA as part of the Pension Protection Act of 2006, Congress has acted like automatic enrollment is the greatest thing since sliced bread when it comes to improving workers’ retirement savings (never mind how ridiculous those acronyms sound, especially all together like that).  They have continued down that ...
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Catch-Up Contributions: If It Ain’t Broke, Break It!

Adam C. Pozek 02/2/23
Adam C. Pozek | 02/02/23 Yeah, we know that’s not how the saying goes, but it appears Congress doesn’t.
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Roth, Roth and More Roth – as Far as the Eye Can See

Adam C. Pozek 01/31/23
Congress seems to be in a continual love fest with two retirement concepts – automatic enrollment and Roth contributions – and SECURE 2.0 (S2) continues the trend for both. I guess it’s not surprising. Automatic enrollment means more tax-deferred contributions (and, therefore, less tax revenue), whereas Roth contributions kick the tax can down the ...
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SECURE 2.0’s New & Improved (But Really Math-y) Tax Credits for Startup Plans

Jen Swets 01/25/23
SECURE 2.0 (S2) took the tax credits of OG SECURE and enhanced them, particularly for plans with fewer than 50 employees.  And if you think “enhanced” sounds a bit loaded, you’re right; credits have increased, but so has the complexity of the calculations.  If you’re guessing this may be a trend in all things S2, you’re also on the right track and ...
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SECURE 2.0 Overview Post

Adam C. Pozek 01/12/23
You have likely already heard and read plenty about SECURE 2.0, signed into law on December 29, 2022.  Rather than write yet another recitation of what’s in the new law in chronological order, we are going to share our initial thoughts here and go into further detail on some of the more interesting provisions in future posts.
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The 2023 Retirement Plan Contribution Limits

DWC 10/21/22
Extra! Extra! The IRS has released the 2023 contribution limits. In past years we would list only the limits that changed.  With almost everything changing at historic levels, we have provided a few highlights and a look to our historical limitations chart.    
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DWC - The 401(k) Experts Announces Tianna Schulz as Firm Partner

DWC 10/21/22
 National 401(k) Consultancy Expands Partnership with Tianna Schulz promoted to Partner Virginia Beach, VA – October 21, 2022 - DWC - The 401(k) Experts, an industry leader in providing 401(k) plan compliance, defined benefit services, consulting services, and third-party plan administration, is pleased to announce the newest member of the ...
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DWC in Investment News: Bitcoin Too Risky for 401(k)s Part II?

DWC 05/16/22
"Before Fidelity made its move, the Department of Labor had sent a warning about using crypto in retirement accounts. In March, the agency issued a compliance assistance release cautioning retirement plan fiduciaries to “exercise extreme care” when considering crypto currency investments." writes Mark Schoeff Jr. in Investment News.
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Secure 2.0 - Don't Count Your Chickens Before They Hatch

Adam C. Pozek 03/31/22
Earlier this week, the House of Representatives passed SECURE 2.0. The bill (actual name is Securing a Strong Retirement Act of 2022) passed by the nearly unanimous margin of 414 to 5. It doesn’t get much more bipartisan than that!
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The views expressed in this blog are those of the authors and do not necessarily represent the views of any other person or organization. All content is provided for informational purposes only and is not intended to be tax or legal advice.

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