Blogs and Newsletter
Latest News
Turning a Fail to a Pass
All our execs got big refunds of the contributions they made into the 401K retirement plan last year and they’re not happy about it; they wanted those contributions matched and invested.
The Mega Back Door Roth Conversion
Nobody loves taxes, but what if there were a way for you to set up a retirement account that would grow on a tax-free basis?
Missed the Deadline? Welcome News from the IRS!
If you missed your deadline, you can self-correct by restating your plan without a formal submission to the IRS
Lifetime Income Disclosure. What’s That?
Lifetime Income Disclosure? If your retirement plan is professionally managed, this has probably been taken care of.
The Top-Paid Group Rule: Put an End to High-Comp Employee Refunds
Jeanne, the HR director for a law firm complained that the company was having a tough time passing their non-discrimination testing. Each year, they offered the same embarrassing excuse to their employees: “We failed our non-discrimination test again this year and we...
Set it and Forget it? Forget it!
Set it and Forget it? Forget it! One of our clients, Terry, told us about a conversation she’d had at a SHRM chapter meeting. “Our Retirement Plan is driving me crazy,” Ryan complained. “So many deadlines and forms to file—and now the executives are complaining that...
Nobody’s Forcing You
We all love referrals. One of our clients told a friend about Concierge Retirement Services and we set up a phone meeting. “Hi, David. Marsha said I should call you but I don’t think you’ll be able to help. I run HR for a medium-sized business and we need to work on...
When There’s a Will, There Might Not Be a Way
A client came to see me about his retirement plan. Bill had done well and was ready to enjoy some of the benefits he’d been saving for all his life. Bill had divorced his first wife a decade earlier, and moved on to a new partner. “Bill, there’s something a lot of...
You Expect the HR Director to Do What?
Bea took a seat next to her friend Maria at the monthly SHRM chapter meeting. “Maria how are you? I was hoping I’d run into you. I have an HR question for you.” Maria smiled. “Always good to see you. How can I help?” Bea took a breath. “I’ve got the insurance stuff...
The Cost of Success
Two lawyers were talking at a chamber of commerce breakfast. Both owned successful, growing practices. “Ah, but that success comes with a price,” said Bill. “I’m happy that my firm is doing well but it’s my firm. I want to set up a retirement plan that doesn’t involve...
Managing a 401K? Get Out of Jail Free!
Sally sounded frantic on the phone. “You helped my friend Karen at the c0m0any she works for and I’m hoping you have a solution for me. Competition for talented employees is fierce. Business is up and I am using every resource at my disposal to fill the positions we...
Your Retirement Plan’s Beneficiary Form – The Most Important Form You Never Thought About
People get divorced and people die. Those are just facts of life. And after a divorce is finalized, folks need to put their new lives in order. Changes are made to the beneficiaries on their life insurance policies and wills get changed. New, separate bank...
Madison Pension Services is now known as Concierge Retirement Services.