@Mrs401k_com Profile picture

Mrs401k.com

@Mrs401k_com

We are a 401k provider offering low cost, high quality Solo and Small Company 401k Plans (Pre-Tax & ROTH) at the brokerage house of your choice.

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Clarification of the rules for electing Roth employer contributions should spur more plan ... cohenbuckmann.com/insights/2023/…


401(k) Industry Sends Urgent Call to Wealth Advisors wealthmanagement.com/rpa-edge/401k-…


401(k) Excessive Fee Suit Parties Strike Settlement napa-net.org/news-info/dail…


Penalty Relief for Reasonable Cause irs.gov/payments/penal…


National 401(k) Day was established in 1996 by the Profit Sharing/401(k) Council of America, (aka Plan Sponsor Council of America (PSCA). The Friday after Labor Day (Monday) was selected so that employees can “start the week with Labor Day and end it with Retirement.”


$200 million in six years for OregonSaves jdsupra.com/legalnews/200-…


You must take RMDs separately from each of your retirement plans. If you reached age 72 in 2022, your first RMD for 2022 is due by April 1, 2023, based on your December 31, 2021, account balance. Your 2023 RMD is due by December 31, 2023, based on your December 31, 2022, balance.


Under SECURE 2.0 for any person over age 50 that makes more than $145,000 a year, catch-up contributions to their retirement plan must be Roth contributions (they will be taxed before going into the 401k). Every 401k plan will have to offer a Roth account in 2024 #Mrs401k #401k


Employers with 51 to 100 employees are eligible for a three-year 401k start-up tax credit of up to 50% of administrative costs, with an annual limit of $5,000 SECURE 2.0 increases credit to 100% of qualified start-up costs for employers <= 50 employees. #Mrs401k #401k #ERISA


Starting in 2024, Roth 401(k)s will no longer impose RMDs... #Mrs401k #401k #ERISA


SECURE Act 2.0 raised the age to begin taking required minimum distributions (RMDs) to 73 from 72 starting January 1, 2023. If you turned 72 in 2022 must still take your 2022 RMD by April 1, 2023, and your 2023 RMD by December 29, 2023.

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