Topic: 401 (k)

Many Employee Retirement Plan Dollar Limits Adjusted For 2015

The Internal Revenue Code provides for various dollar limitations on benefits, contributions, and compensation for tax-qualified employee benefit plans.  Recently, the Internal Revenue Service announced cost of living adjustments (COLAs) for 2014, including those applicable to 401(k) and other tax-qualified retirement plan limits.  Several dollar limits such as the salary deferral contribution limit to 401(k)…

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Connecticut Law Requires Employers to Adopt Cafeteria Plans

In 2007 Connecticut adopted a law  requiring employers to adopt cafeteria plans if their employees are required to pay a portion of the health insurance premium for employer-sponsored health insurance through payroll deduction.  Connecticut wanted to make sure that employees would have the opportunity to pay such premiums on a pre-tax basis.  This law did…

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Retirement Plan Sponsors: December Reminders Part I

It’s time to take a short break from all the healthcare changes and focus on your December 1st and 15th deadlines for the following participant notices for calendar year retirement plans: Annual Safe Harbor 401(k) Notice – December 1, 2013 The annual safe harbor notice must be provided to all plan participants at least 30…

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