by David Gensler | Mar 11, 2025 | article
Jaime, a longtime client, came in to ask me about rolling over her 401(k) to an IRA. “David, I’ve been considering rolling over my 401(k) from my previous job into an IRA. What are the pros and cons of doing this?” “That’s a good question,” I said. “Rolling over your...
by David Gensler | Feb 4, 2025 | article
A fifth client this month asked me to review their internal controls. Usually, they make the same mistakes: Wrong compensation used to calculate payroll deductions and match Failure to mail out participant notices Deferral Elections made on RK platform are not updated...
by David Gensler | Jan 7, 2025 | article
I sat at my monthly SHRM chapter meeting with a group of HR managers from various businesses. We enjoyed some pre-meeting small talk until Linda, one of the HR managers, leaned in with a question that piqued my interest. “Has anyone heard about this new Catch-Up...
by David Gensler | Dec 10, 2024 | article
Margaret, the president of her company came into my office one late November morning feeling great! “We had another good year and I was going to write holiday bonus checks for everyone. This year we’ll be giving out bonuses equal to 7% of our employees’ annual pay....
by David Gensler | Nov 26, 2024 | article
Geoff came into my office looking concerned. “David, I heard something about mandatory automatic enrollment for retirement plans starting in 2025. Is that true?” “Hi, Geoff. And yes, you’re right. Starting in 2025, most new 401(k) or 403(b) plans will be required to...
