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Blog Articles
June 12, 2020
Credit For Small Retirement Plan Startup Costs
Congress is giving employers up to $15,000 to start a retirement plan for their employees. The newly adopted SECURE Act provides for an optional tax credit for up to three years for qualified startup costs paid or incurred by an eligible employer to establish an eligible employer plan. The credit is for new plans effective after 12/31/2019. Learn how this could be advantageous for your business in this timely and informative article by Robert Gorelick, APA, Founder of Benefit Equity, Inc.
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.
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