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What's
New
3/5/2008
DOL ISSUES PROPOSED AMENDMENT ON PLAN DEPOSITS
On February
29, 2008, the DOL issued a proposed amendment to the DOL Regulations
which establishes a “safe harbor period of 7 business
days” regarding the deadline for plan deposits of employee
401(k) elective deferrals and loan payments for plans sponsored
by employers with less than 100 or fewer participants. For
more information and a link to the proposed amendment, click
here.
11/09/2007
QUALIFIED DEFAULT INVESTMENT RULES
The Department of Labor has released this week regulations
that will relieve fiduciaries from liability when there is
an absence of investment directions from a plan participant.
Click
here for more information.
10/18/2007
IRS RELEASES NEW LIMITS FOR 2008
The IRS
announced today the plan limits for 2008. These limits are
summarized above. View full IRS announcement click here: http://benefitslink.com/pr/detail.php?id=41237
PENSION
PLAN LIMITS |
Year |
2008 |
2007 |
| Elective
Deferrals (401(k), 403(b)) |
15,500 |
15,500 |
| 401(k)/403(b)
50+ Catch Up |
5,000 |
5,000 |
| DC
415 Max Allocation |
46,000 |
45,000 |
| DB
415 Max Benefit |
180,500 |
180,000 |
| Compensation
Limit |
230,000 |
225,000 |
| Key
Officer Compensation |
150,000 |
145,000 |
| Key
1% Owner Comp |
150,000 |
150,000 |
| SS
Taxable Wage Base |
102,000 |
97,500 |
Pension
News
[BACK]
12/2/2005
ROTH 401(K) AVAILABLE JANUARY 1, 2006
We will
be sending information to our 401(k) clients today regarding
Roth 401(k) accounts today. This information will include
an Executive Summary, Amendment Request Form, and a Q &
A Information Sheet. We have also provided this information
on the Forms page of this website. ( www.benefit-resources.com/downloadforms.htm
)
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