What’s New for 2011 – HSA and 401(k) Contribution Limits

As you know, with a new year comes new contribution limits for Health Savings Accounts and 401(k) retirement plans. This new year is unique because it also ushers in some new rules due to the Patient Protection and Affordable Care Act that was passed last year. So...

Will you survive a retirement plan audit?

Will you survive a retirement plan audit? How about an employee lawsuit? You know your business inside and out. But do you know everything there is to know about maintaining your 401(k) plan? Did you know that a plan fiduciary (YOU, perhaps?) can be held personally...

2010 HSA and 401(k) Contribution Limits

Each year the plan contribution limits change for qualified plans, so here are the new amounts for 2010: 2010 401(k) limits: 401k Elective Deferrals: $16,500 Catch-up Contribution Limit: $5,500 Annual Compensation Limit: $245,000 Highly Compensated Employees: $110,000...

DOL issues Final Rule on Safe Harbor period

The U.S. Department of Labor (DOL) published a final rule to protect employee contributions deposited to retirement and health plans with fewer than 100 participants by providing a safe harbor period of seven business days following receipt or withholding by...

Do you “Get Away?”

I recently took a weekend trip with a buddy of mine to do some hiking in Utah. He and I try to take this trip every year, and it gives us both time to slow down, reflect on the year, and kick ideas around for our businesses. On these trips, we spend 4-6 hours hiking...