Resources

rss

Spectrum Resource Center

Advice, Articles, Events, Insights, News, Newsletters, Opinions, Press Releases, Updates, and More from Spectrum.

Petros Koumantaros
Petros Koumantaros's Article
when-to-set-sail-with-safe-harbor-image

When to Set Sail with Safe Harbor

Many company owners actively seek to maximize their 401(k) contributions each year. That’s a great goal, but it can be problematic if your plan fails to meet the nondiscrimination rules. Adding a Safe Harbor provision can confidently address this issue while providing important benefits to your company and employees. In this episode of Employer Connect, you’ll learn how Safe Harbor contributions work and four benefits of adopting this plan provision.
October 1, 2018 By Petros Koumantaros Employer Connect 401k, safe harbor, nondiscrimination, video, adp, acp, top-heavy   Comments Read More >>
cash-balance-plans-allow-six-figure-annual-contributions-image

Cash Balance Plans Allow Six Figure Annual Contributions

If you are looking to save even more on taxes and put up to six figures per year into your retirement account, a Cash Balance plan may be the right choice. This episode of Spectrum Employer Connect introduces Cash Balance plans, a retirement plan design that allows significantly higher contribution limits and drives faster asset accumulations than a 401(k).
September 15, 2018 By Petros Koumantaros Employer Connect 401k, cash balance, cbpp, video   Comments Read More >>
to-roth-or-not-to-roth-image

To Roth or Not to Roth

Many business owners are comfortable with the notion of a Roth IRA. We find that far fewer understand and appreciate the benefit of contributing post-tax dollars in a Roth 401(k) account as compared to making traditional pre-tax contributions. In the right circumstances and for the right person, a Roth 401(k) account can deliver significant tax benefits at retirement.
August 1, 2018 By Petros Koumantaros Employer Connect 401k, roth, video   Comments Read More >>
understanding-why-qdia-matters-image

Understanding Why a QDIA Matters

The continued adoption of auto-enrollment in 401(k) plans has increased the importance of including a Qualified Default Investment Alternative – a QDIA – in the plan’s fund lineup. You may fully understand how a QDIA works as a default investment choice for your employees. But do you also appreciate how your plan’s QDIA provides you specific fiduciary protection?
July 15, 2018 By Petros Koumantaros Employer Connect qdia, qualified default investment alternative, video   Comments Read More >>
Prev123456Next

Categories

Tags

professional plan design practice 401k defined benefit pension loan participant loan investing margin spectrum open golf pano cancer event tournament philanthropy retirement readiness fiduciary rule tax cuts newsletter cybersecurity plan termination merger acquisition gender retirement gap lifetime income investment returns women men fees dol documents compliance press release bi cloud technology azure plan intelligence docusign microsoft myretirement limits irs retirement plan contribution plan faq participant questions payroll finwell plan education financial wellness employees financial stress education entreprenuers business accumulation startup wealth asset allocation investments fis innovation ira technology charity award 40th anniversary celebration impact fiduciary tax deduction participant outcomes uncashed checks distributions automation recordkeeping case study millennials soc-1 portal psoy cash balance plan sponsor of the year abg mfa enrollment escalation video automatic qdia qualified default investment alternative roth debt credit saving safe harbor nondiscrimination adp acp top-heavy plan sponsor 3(16) erisa hardship withdrawal audit bond owner bundled unbundled forfeiture forfeit vested vesting consulting employer connect reports student loans db/dc providers services guide erisawrap welfare benefit plan fundraiser document cancer reserach retirement confidence unvested vested account balance wrap spd wrap document plan document welfare benefits employee benefits healthcare wrap market volatility participant behavior socially responsible esg plan participation spectrumopen spd wrapspd spectrumplatform qaca participation restate restatement erisa bond fidelity bond bonding goals plan amendment secure act SECURE secure act of 2019 legislation secureact secureact2019 secureactof2019 election 2020 coronavirus covid-19 business continuity cares act cares covid19 relief retirement plan relief the cares act covid the secure act workforce demographics older employees engagement SECURE 2.0 Act Retirement Plan Legislation 401(k) cbpp defined contribution

ERISA Workplace Retirement Plan Limits

The federal government annually publishes updated qualified retirement plan limits, which impact the contributions, benefit accruals, and compliance of ERISA covered qualified retirement plans. The below tables summarize the most significant changes in recent history.