2014’s 401(k) Contribution Limit Unchanged at $17,500

The Internal Revenue Service has announced that contribution limits for 401(k) plans and individual retirement accounts will stay the same in 2014. The maximum amount of contributions an employee can make to their 401(k) plan is determined each year by the IRS....
Provide Employee Benefits

Provide Employee Benefits

Provide Employee Benefits Today’s employees are savvy, informed and confident. They want to work for a company that not only has an HR department that considers them vital to the success of the organization but values them enough to provide an impressive benefits...
Tax Retirement Saver’s Credit

Tax Retirement Saver’s Credit

Did you know there is a new government program that will allow you to save for retirement?  The Retirement Savings Contributions Credit allows for up to a $1,000 credit for single individuals and $2,000 credit for married couples for contributions made to 401(k)...
401k Safe Harbor Provision Changes

401k Safe Harbor Provision Changes

The IRS has amended it’s rules on Safe Harbor contributions to allow employers to terminate the match during these hard times. On May 18 the Internal Revenue Service (IRS) published proposed regulations that could provide relief to employers whose plans provide...
401k Plan Changes

401k Plan Changes

Tax Treatment of Refunds Changing for 2008 Beginning with the 2008 plan year, ADP and ACP refunds attributable to the 2008 plan year are taxable in the year of distribution. Therefore, for the 2008 plan year, refunds distributed between January 1, 2009 and March 15,...
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