<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=2055643904680562&amp;ev=PageView&amp;noscript=1">

The Caldwell Trust Company Blog

Tony Blasini, CPC, QPA

Recent Posts

Retirement Planning Options for Your Business: The Difference Between Cash Balance and 401(k) Plans

Posted by Tony Blasini, CPC, QPA

Today’s business owners are tasked with a significant challenge: Attracting (and retaining) the best talent while simultaneously supporting their own bottom line. One strategy for achieving both of these goals? Choosing the best retirement plan. If you’re in the process of deciding whether a cash balance or 401(k) plan is more suitable for your employees and your business, here’s what you need to know.

Read More
0 Comments | View Comments

Topics: Retirement Plan Services

Is a Cash Balance Plan Right for My Business?

Posted by Tony Blasini, CPC, QPA

If you are a business owner, you need to make important decisions about employee benefits that will help you attract and retain employees. Just as important, those benefits also need to make sense for your company. One type of employee benefit that may be ideal for employers is a cash balance retirement plan.

To determine whether your organization is a good candidate for sponsoring this type of plan, it can be helpful to explore it’s features, pros and cons.

Read More
0 Comments | View Comments

Topics: Retirement Plan Services

Building An Adequate Fund Line-Up for Your Company's 401(K) Plan

Posted by Tony Blasini, CPC, QPA

The main reason for running a 401(k) plan is to provide a way for your employees to build a retirement nest egg through tax-deferred investing. Hence, your investment options are the backbone of your 401(k) plan, and choosing the right mix of investments - known as your fund line-up - is a critical step in creating the best possible retirement plan for your employees.

Some employers may choose to partner with an investment advisor to help them build their 401(k) fund line-up. But whether you seek help or go at it alone, there are four best practices that you should uphold to effectively enhance your employees’ retirement savings.

Read More
0 Comments | View Comments

Topics: Retirement Plan Services

Participant Loans in Defined Contribution Plans: Key Pros and Cons for Your Business

Posted by Tony Blasini, CPC, QPA

The decision to offer participant loans in defined contribution (DC) plans is complex and requires careful consideration.

As an employer, it is commendable to want to provide a range of financial options for your employees. However, you also want to make sure that the benefits to your organization—and to your employees—outweigh the costs of such a program.

Before signing off on providing participant loans in DC plans, there are a number of things for you to consider.

Read More
0 Comments | View Comments

Topics: Retirement Plan Services

Profit Sharing Plan Allocations – What’s Best for My Plan?

Posted by Tony Blasini, CPC, QPA

When it comes to retirement plans, there are many choices. One option that this article will dive into today, is the “profit sharing plan” which is a type of defined contribution plan that allows businesses to provide discretionary contributions -- meaning they can decide from year to year how much to contribute (or whether to contribute at all).

Read More
0 Comments | View Comments

Topics: Retirement Plan Services, Investments

We Live in the Future: Plan for Digital Asset Management

Posted by Tony Blasini, CPC, QPA

Read More
0 Comments | View Comments

Topics: Digital Assets, Trusts & Estate Planning, Living Wills

What You as an Employee Should Know About Retirement Plan Rollovers: Options, Steps, and Considerations

Posted by Tony Blasini, CPC, QPA

If your current or former employer offers a qualified retirement plan, such as a Profit Sharing, 401(k), 403(b), SIMPLE IRA or SEP, you can take your vested balance with you when you leave by “rolling over” the balance from your plan account to an IRA rollover account. If your rollover meets IRS requirements, the transaction will not be a taxable event and your money will continue to grow tax-deferred. Generally, rollovers must be made within 60 days of the money being distributed (unless it is a Direct or Trustee to Trustee rollover) in order to meet IRS requirements, although there are certain limited exceptions when the IRS may waive that requirement.

Read More
0 Comments | View Comments

Topics: Retirement Plan Services

It's Official -- the 2018 401(k) Contribution Limit Is Increasing

Posted by Tony Blasini, CPC, QPA

For the 2018 tax year, the IRS has increased the employee 401(k) contribution limit to $18,500 to keep up with the rising cost of living. This means savers who want to max out their retirement savings have the ability to contribute an additional $500 to their 401(k) account, which also translates to a greater tax break.

Here are the details about 401(k) contribution limits in 2018, and what it could mean for you.

The 2018 401(k) Contribution Limit

As I mentioned, the 401(k) contribution limit in 2018 is increasing by $500 over the 2017 limit to $18,500. This limit also applies to other qualified retirement plan types, such as 403(b) plans, most 457 plans, and Thrift Savings Plan accounts.

It's important to keep in mind that this is the limit for employee elective deferrals. This is the money you choose to have withheld from your paycheck. It does not include any non-elective contributions or matching contributions made by your employer.

In addition, there is a catch-up contribution allowed for participants who are age 50 or older, and this remains unchanged, at $6,000 for 2018. So, the maximum elective deferral any employee can choose to make for 2018 is $24,500.

The overall limit for 401(k) contributions, which includes money from all sources, including your employer's matching contributions, is rising by $1,000 to $55,000.

Read More
0 Comments | View Comments

Topics: In the News

{INFOGRAPHIC} Evaluate Your Company's 401(k)

Posted by Tony Blasini, CPC, QPA

As a business owner, it's important that you know whether your business 401(k) plan is working for you or against you. We've created this simple outline to assist you in evalutating whether or not your current business 401(k) plan is doing what it should.  

Read More
0 Comments | View Comments

6 Misconceptions About Retirement Best Practices

Posted by Tony Blasini, CPC, QPA

When it comes to retirement planning, many people in the workforce don’t really think about it. They put money into the 401k provided by their employer and focus on their financial needs in the moment. Unfortunately, this lack of true planning leads to a lot of misconceptions about retirement best practices. Here are seven assumptions you may be making about retirement, along with the reality you need to be aware of.

Read More
0 Comments | View Comments

Topics: Retirement Plan Services, Trusts & Estate Planning

 


 

Leave a comment for this blog post:

Follow Caldwell Trust Company

 facebook  twitter  linkedin  icon_youtube  icon_pinterest

Subscribe to Email Updates

Recent Posts