by David Gensler | Feb 15, 2023 | article
Here’s another one from the vault: A prospective client called me with a common question: “I’m Joe. My accountant says the maximum contribution a business owner can defer into a retirement plan is 25% of their earned income. But a friend told me that some...
by David Gensler | Jan 31, 2023 | article
“David, this is Juan. I’m a business owner and I just bought out one of my competitors. You’ve been managing their retirement plan and they had good things to say about you so I’m calling to ask for your help. We already have a 401K for our business so do I just...
by David Gensler | Jan 24, 2023 | article
Here’s a question I hear all the time: Can you exclude bonuses from the definition of compensation for purposes of the employer matching contribution? Why would you exclude certain compensation from a company contribution like a match? With respect to bonuses, well...
by David Gensler | Jan 17, 2023 | article
One of my clients, Barry, called the other day with a common question: “I was late submitting our weekly payroll contributions. Is that a big deal? I calculated the loss of earnings—about ten dollars, filed Form 5330, and paid $1.50 in excise tax. But that all seemed...
by David Gensler | Jan 10, 2023 | article
Stories from the vault: “David, I’m Brenda. I’m starting a small law firm–ten lawyers and the usual clerks and secretaries. My accountant told me you’re the man to speak with when it comes to setting up our retirement benefits.” “I’m glad you called, and here’s how...
by David Gensler | Dec 20, 2022 | article
Another story from the Concierge Pension Services vault: Bob called me with a common but daunting problem. I could hear the frustration in Bob’s voice. “David, I’m hoping you can help. I’ve run my business for years. I’ve kept busy and watched it grow. Everything’s...
