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Tag: Ed

29 posts tagged as "Ed"

Educational Groups Hope to Improve Compliance by Simplifying Their Plans

Jul 23, 2021

By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans

Retirement plans for nonprofit and tax-exempt entities can often look very different than the retirement programs used by corporate employers, such as 401(k) plans. This can result in some unique challenges for both the plan sponsor and participants of this particular segment of nonprofits. This is particularly evident with 403(b) plans – also known as Tax Sheltered Annuities – which are a popular plan design for educational entities such as private K-12 schools,

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Healthcare Groups Increasingly Explore Options for Enhancing Workplace Benefits

Jul 20, 2021

By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans

For the initial blog of our series this month on nonprofit entities, we’ll look at the Healthcare marketplace. Healthcare groups have encountered some turbulent times recently, with particular challenges related to healthcare regulatory changes and staffing shortages. Yet, the healthcare market – which includes groups such as hospitals, medical centers, nursing homes, hospices and clinics – continues to experience overall growth and healthcare groups continue to explore effective ways to find and keep qualified staff.

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Summer Savings: Graduation Marks a New Phase of Financial Responsibility

Jun 9, 2021

By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans

For those who have recently graduated from college – or may be on the verge of doing so – this experience marks a monumental time in your life. The possibilities are unlimited, and the excitement is intoxicating. For most young adults, college graduation is the start of a major transition into adulthood and the prospect of employment in the “real world.” College students will enter the work force armed with degrees and knowledge ranging from computer science and physics,

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Tax Tip Tuesday: New Tax Deadlines Provide Additional Time for Retirement Contributions

Apr 13, 2021

By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans

If the recent turbulent times have taught us anything, it’s the need to remain flexible! Over the past 12 to 14 months, we’ve all had to react to issues ranging from a health pandemic, shifting work environments, new regulations and erratic markets forcing us to adjust to what feels like a constantly changing environment.

Continuing the theme of adjustment and flexibility,

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Tax Tip Tuesday: SEP IRAs and Some New Retirement Plan Reminders

Mar 16, 2021

By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans

Now that we’re deep into the “dog days” of tax season, this is a time when many business owners are intently seeking ways to limit their tax burden and/or searching for opportunities to increase retirement savings. Employer-sponsored retirement plans represent a great way to accomplish both of those goals simultaneously. Additionally, the Setting Every Community Up for Retirement Enhancement (SECURE) Act,

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Tax Tip Tuesday: When is the Best Time to File?

Feb 16, 2021

By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans

As we enter yet another tax season, it may evoke the age-old question for many, “Should I file my taxes early, or wait until the deadline?” As with many quandaries, there is no simple answer to this question, as it depends on each person’s unique tax circumstances, and perhaps also individual personality traits. Are you the type of person who likes to get things done ahead of time,

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Year-End Financial To-Do: Review How Recent Retirement Plan Legislation Might Provide New Opportunities

Dec 8, 2020

By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans

I’m not sure anyone would disagree that the past 12 months have been stressful and a whirlwind, but they’ve also been eventful. This has been particularly true with all the recent regulatory changes impacting retirement plan accounts. In fact, the last 12 months have brought some of the most significant changes to retirement plan law in more than a decade.

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Scary Financial Mistakes: Retirement Planning Pitfalls

Oct 8, 2020

By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans

As we get closer to Halloween, it’s natural to think about the things that scare us. For many, it’s something very specific like spiders, ghosts or even clowns! For others, it’s simply the fear of the unknown. And for those that are planning for and nearing retirement, ensuring that the correct preparation and steps are in place to meet their retirement goals can be a downright frightening thought.

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Today is National 401(k) Day

Sep 11, 2020

By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans

Addressing the Retirement Savings Gap Remains a Focus of National 401(k) Day

The month of September is often connected with the celebration of Labor Day, a holiday to honor and recognize the American labor movement and the contributions of laborers to the development of the United States.  But over the past several decades, September has also included the celebration of National 401(k) Day which is scheduled for September 11 and is designed to promote retirement savings education.

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IRS Provides Potential Relief for Employers on Retirement Plan Costs

Aug 6, 2020

By Edward “Ed” V. O’Neal, Senior Vice President and Manager, Retirement Plans

The COVID-19 pandemic and the corresponding economic downturn has caused many employers to make some tough financial decisions in meeting their operational and payroll obligations. As employers continue to look for cost-cutting strategies, many have contemplated the reduction or suspension of employer contributions to their 401(k) or 403(b) plans. The process of suspending or reducing employer contributions to retirement programs can be particularly challenging for employers sponsoring a safe harbor 401(k) or 403(b) plan.

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