View This Newsletter: DOL Fiduciary Rule Overview: On April 8, 2016 the Department of Labor (DOL) issued final guidance that greatly expands the types of retirement investment advice that will be subject to the fiduciary duty rules under the Employee Retirement Income…
Let’s get the plan back on track Some 401(k) plans, especially sizable ones, can benefit from the efficiencies of a bundled provider. However, what’s lacking in such arrangements is personalized attention to the plan. Without the watchful eye of a…
View This Newsletter: Fun with Forfeitures Overview: As participants in 401(k)/profit sharing plans, we know that a vesting schedule can apply to a portion of our account balance. But what happens to that non-vested portion after we terminate employment? Those monies…
View This Newsletter: A Fresh Look at Your Form 5500 Filing Overview: If your firm has a profit sharing plan, a 401(k) plan or some other tax-qualified retirement plan, then you have been given a Form 5500 to sign and file every…
How Can I Reduce My Taxes in 2017? It’s that time again – tax season. That time of year that all business owners dread. That gut-wrenching feeling when your accountant unveils your income tax liability never gets any easier. Even…
The enrolled actuaries at Pinnacle Plan Design, a national actuarial consulting and third-party administration firm, have teamed up to author the Defined Benefit Answer Book, published by Wolters Kluwer. The Defined Benefit Answer Book is the premier resource for pension…
View This Newsletter: Part-Time Employees in 401(k) Plans Update: 2019’s SECURE Act created a new ‘long term part time’ (LTPT) employee group for 401(k) plans. Employers are required to allow LTPT employees to make 401(k) salary deferrals beginning in 2024. Generally, an…
TUCSON, AZ – January 11, 2016 – Pinnacle Plan Design, a national provider of qualified retirement plan design, administration and actuarial consulting services, announces that Chief Operating Officer Amanda Rae Iverson, CPA, PHR, SHRM-CP, has been promoted to Shareholder. Iverson…
View This Newsletter: Determining Retirement Plan Compensation Overview: This newsletter explains the intricacies involved with determining retirement plan compensation. Determining Retirement Plan Compensation Compensation used for: Calculating contributions Applying limits Conducting non-discrimination testing Determining tax deductions Overview Four General Definitions W-2…
Leading Pension Actuary Recognized for His Contributions to Retirement Plan Education TUCSON, AZ – October 22, 2015 – Kevin J. Donovan, CPA, EA, FSPA, FCA, founder and lead actuary at Pinnacle Plan Design was presented with the 2015 ASPPA Educator’s…
