401k Advisors & Employee Benefit News
Benefit News by San Francisco 401(k) Advisors
As you know, the United States was hit hard this year by tornadoes. There was a record number of EF5, the most fierce of all tornadoes. The death toll is now the highest it has been since 1950. Many have lost homes, cars, and businesses. As a result of these natural disasters, many have [...]
The 2012 HSA Limit refers to the Annual Contribution Limit for Health Savings Accounts (HSA) which is set every year by the IRS. The Internal Revenue Service has announced 2012 HSA Limits inflation adjusted deduction limitations for annual contributions made to a health savings account (HSA) under section 223. Health Savings Accounts are tax-favored accounts [...]
An additional provision within the Pension Protection Act of 2006 (PPA) is the new rollover option for non-spouse beneficiaries. Historically, if the beneficiary was the spouse they had certain options that were not available to other types of beneficiaries. The surviving spouse could rollover the account value into their own retirement plan, such as a 401k, [...]
Chances are you have a number of missing 401k participants who have moved and not provided a current address. As a Plan Sponsor you have a duty to make every effort to locate these individuals. First, you should exhaust all internal sources, which may include verifying last known addresses on other items such as health [...]
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