Blog
April 30, 2020
Stopping Safe Harbor Contributions
Robert H. Gorelick, APA and CEO of Benefit Equity Inc. provides detailed information about the most common employer contribution known as a Safe Harbor contribution. These are the most frequently asked questions about the Safe Harbor contributions such as how to stop the 3% contributions and if the payroll payments can be deferred.
April 30, 2020
Shoulda, Coulda, Woulda
Robert H. Gorelick, APA and CEO of Benefit Equity Inc. explains frequently asked questions about taking participant loans or distributions under CARES Act. Learn more about whether or not you qualify for a Coronavirus Relief Distribution (CRD) or participant loan.
April 3, 2020
Retirement Enhancement Act
Recently, Congress passed the most extensive retirement plan legislation since the Pension Protection Act of 2006 and it is called the SECURE Act. The Setting Each Community Up for Retirement Enhancement Act (SECURE) was passed on December 19, 2019, however some provisions are effective for 2020 and others will be effective in 2021. The article highlights law changes that affect most of Benefit Equity, Inc. (BEI) clients.
April 1, 2020
CARES Act Retirement Plan Provisions
On March 27th, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), was approved by Congress, to afford massive relief for those suffering as a result of the Coronavirus pandemic.
March 30, 2020
Plan Amendment to Minimize Required Contribution
We wanted to reach out to you in this time of uncertainty and all of us at BEI hope you and your family are well, during this unprecedented time in our nation and world. We understand that the demands of running your business and taking care of your employees are first and foremost on your mind. And that your defined benefit plan or cash balance plan may not be on your mind at this time, but we are just looking ahead and want to bring you this information.