见解: 通讯

As we approach the second half of 2024, I am pleased to report that the US economy entered the year on a strong footing. Multiple indicators of business activity, labor markets, 情绪, and inflation have been moving in a favorable direction. 然而, we must remain vigilant of headwinds such as rising consumer debt and elevated interest rates that may temper economic growth. As mentioned in our earlier edition, I see this year as one of renewed potential, with the economy regaining its footing and businesses poised for growth, despite uncertainties surrounding new tax policies and the upcoming election.

These provisions allow an employer to withhold deferrals from the employee's pay without the employee making an election. By utilizing automatic enrollment, an employer can boost participation while simultaneously simplifying the enrollment process.

We are off to a good start in the new year! I hope 2024 has begun with optimism and prosperity for you and your businesses. Reflecting on the challenges of 2023 – from inflation to supply chain disruptions – it’s inspiring to see how resilient and adaptable we’ve all been. Looking ahead, I see a year of renewed potential, with the economy regaining its footing and businesses poised for growth despite the uncertainties of new tax policies and the upcoming election.

Plans must be tested each year to ensure that they are compliant with the laws governing retirement plans. To understand the testing performed for your plan, it may be helpful to review some of the terms that are commonly used. First, let’s examine how your plan’s noteworthy individuals are identified.

As you gear up for business in 2024, take a look at recent history to understand the changes and challenges businesses have faced: Inflation, supply chain interruptions and delays, rising interest rates, the threat of recession, and global instability.

On November 1, 2023, the IRS announced the Cost of Living Adjustments (COLAs) affecting the dollar limitations for retirement plans for 2024. In October, the 社会 Security Administration announced a modest benefit increase of 3.2%. Retirement plan limits also increased over the 2023 limits. Keep reading to learn more.

It’s hard to believe that we are through the summer months and school is about to start. We are heading into the fall and hopefully, the start to your year has been positive and things continue to go well. Businesses have faced massive challenges and have undergone an incredible amount of change over the past few years. That will continue in 2023 and beyond but companies are in a stronger position to handle changes and adapt quickly.

The Employee Retirement Income Security Act (ERISA) requires coverage to protect the plan from losses due to fraud and dishonesty. There are three main types of bond coverage for retirement plans. Keep reading to learn more.

  Bright Business 的见解 For Owners This Spring 2023 It’s hard to believe that we are already halfway through 2023. I hope that the start to your year has been positive and that things continue to go well. Businesses have faced massive challenges and have undergone an incredible amount of change over the past few … 继续

Learn about the importance of education Plan Participants, because the more they know, the better.