Newport Group recently conducted a study of General Account BOLI policies to see how they performed versus comparable bank-eligible options. Find out how these BOLI policies fared.
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Many employers rely on a financial professionals to help select and monitor investment options for the retirement plan they offer to their employees. But being an advisor allows you to offer more than investment expertise and benchmarking support. You can also provide valuable assistance to your plan sponsor clients by educating them about their fiduciary responsibilities.
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The Treasury Department has issued proposed regulations that provide guidance on changes to the hardship distribution rules made by the Bipartisan Budget Act of 2018 ("BBA").
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Pay programs are the guidelines, policies and practices employers use to determine employee pay. Why not leverage your pay program to encourage employee retirement plan participation?
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If you want to change the features of the retirement plan you offer to your employees, or have already implemented changes this year, be sure to amend your plan documents to reflect your choices by December 31 (for calendar-year plans).
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IRS Notice 2018-68 (the “Notice”) provides transition guidance under Internal Revenue Code (“Code”) §162(m) that allows employers to deduct all grandfathered non-qualified deferred compensation.
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IRS Notice 2018-68 (the “Notice”) provides transition guidance under Internal Revenue Code (“Code”) §162(m) that allows employers to deduct all grandfathered non-qualified deferred compensation.
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Non-qualified deferred compensation plans are more popular now than ever among the nation’s leading companies due to their relative ease of implementation and high individual tax rates (federal and state).
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Included in the tax reform legislation passed last December were changes to the previously existing transfer for value rules. These changes were designed to address perceived abuses in the stranger-owned life insurance (STOLI) market, whereby entities are formed for no other reason than to acquire, own and be the beneficiary of insurance policies.
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According to the Identity Theft Resource Center, there were 1,222 data breaches in 2017−exposing more than 172 million records. This easily surpasses the all-time record high set in 2016 of 1,093 data breaches. And that was a whopping 40% increase over 2015’s 780 reported breaches.
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