View This Newsletter: IRS Announces Limits for 2020 IRS Announces Limits for 2020 On November 6, 2019, the IRS announced the cost of living adjustments affecting the dollar limitations for retirement plans. Contribution and benefit increases are based on a…
Amanda Iverson chosen as one of Tucson’s 40 Under 40
Amanda Iverson, CPA. MBA, PHR, SHRM-CP, APN, partner and chief operating officer at Pinnacle Plan Design, LLC has been selected as one of Tucson’s 40 Under 40 winners. The award, co-hosted by the Arizona Daily Star and the Tucson Hispanic Chamber of Commerce,…
Bucket List: Retirement
View this newsletter: Bucket List: Retirement Bucket List: Retirement The economy continues at its strong pace, keeping unemployment at its lowest rate in nearly 50 years. While this is usually good news, employee financial vulnerability is clouding this sunny forecast.…
Kevin Donovan of Pinnacle Plan Design Receives ACOPA’s Edward E. Burrows Distinguished Achievement Award
Leading Pension Actuary Recognized for His Contributions to Retirement Plan Education TUCSON, AZ – August 9, 2019 – Kevin Donovan, CPA, EA, FSPA, FCA, founder and lead actuary at Pinnacle Plan Design was presented with the 2019 Edward E. Burrows…
Contempo HCM launches to provide Arizona business owners with payroll and human capital management technology
TUCSON, Ariz., June 24, 2019 – Payroll executive and entrepreneur, Lawrence Bailliere, BeachFleischman PC, one of Arizona’s largest locally-owned CPA firms, and Pinnacle Plan Design, LLC, a third-party administrator (TPA) for employer-sponsored qualified retirement plans, announce the formation of a…
Automatic Enrollment is on the Rise
View This Newsletter: Automatic Enrollment is on the Rise Automatic Enrollment is on the Rise With the future of Social Security in question, it is becoming ever increasingly important for workers to self-prepare for post-retirement living. Studies show that approximately…
It’s Testing Season!
View This Newsletter: It’s Testing Season! It’s Testing Season! Qualified plans must perform annual testing to be sure that the plan doesn’t unfairly discriminate in favor of “highly compensated employees” (HCEs) or exceed the contribution limits set forth by the IRS.…
Cash Only: In-Kind Contributions to Defined Benefit Plans are Often Prohibited Transactions
Defined benefit retirement plans are subject to minimum funding requirements. As a result, the actuary will provide the plan sponsor with a funding range at the close of each plan year, ranging from the minimum required contribution on the low…
Hardships Get A Little Easier and 2019 COLA Limits
View This Newsletter: Hardships Get a Little Easier Hardships Get a Little Easier Earlier this year, the bipartisan budget act of 2018 was passed by congress and signed into law. While this law made several changes that impact retirement plans, one…
The Retirement Income Gap
View This Newsletter: The Retirement Income Gap and Helpful Hints for Plan Sponsors The Retirement Income Gap Many American workers participate in company retirement plans, methodically contributing to their accounts over time to fund for life after work. Beyond benefiting from…