401k

DOL Brokerage Window Guidance & Cryptocurrency Accounts
Team SummitEmployer Resource Center, Fiduciary Governance, Plan InvestmentsComments are off for this post
Recently, the U.S. Labor Department issued new 2022 guidance regarding 401(k) retirement plans that offer, or are considering offering, investments in cryptocurrency and/or self-directed brokerage accounts in their plan menu. This has not been a worry for most plan sponsors, primarily due to a lack of guidance to date regarding the issue of brokerage windows,  Read More →
Fiduciary Hot Topics – Fall 2022
Team SummitEmployer Resource Center, Fiduciary Governance, Plan Investments, Plan Operations & AdminComments are off for this post
As the leaves are falling and the days get colder, developments within the retirement plan industry are heating up! Read on for a few important plan updates and trends shaping the 401(k) and 403(b) landscape this autumn. Plan Sponsors Get Three Additional Years to Adopt Some of the Amendments Required by The CARES Act and  Read More →
2023 IRS Plan Contribution Limits
Team SummitBudgeting & Debt, Employee Financial Resource Center, Employer Resource Center, Financial Planning, Plan Operations & AdminComments are off for this post
Highlights of Changes for 2023 The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan has increased to $22,500. The catch-up contribution limit for employees aged 50 and over (and turning age 50 in 2023) who participate in these plans has also increased, from $6,500  Read More →

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