Spring 2021 Newsletter – Retirement Planning Is A Team Sport
Winter 2021 Newsletter – 2021 Retirement Plan Cost of Living Adjustments
Summer 2020 Benefits Insight Newsletter – Electronic Delivery Could Save Billions
Fall 2019 Benefits Insight Newsletter – IRS 2020 Limits
Winter 2019 Benefits Insight Newsletter – The Secure Act
Cycle 3 restatement is upon us. You may have recently seen information regarding this restatement as it is required for most defined contribution plans. Every six years or so the IRS requires defined contribution plans to restate their plan document, ensuring IRS pre-approved documents include the most relevant legislative updates and provisions.
This round of updates includes changes to the definition of a spouse, allows for the creation of in-plan Roth transfers, allows the ability to amend Safe Harbor plans once the plan year has started, and more. As this restatement is mandatory, now is a great time to review other areas of a plan and incorporate any updates in the newly restated document.
We have had many clients, both new and long standing, that have inquired about changing plan provisions to create a more robust benefits package to attract employees during a competitive hiring market. As plan values continue to appreciate as a result of market conditions, this is an opportune time to review plan pricing to ensure plan fees are reasonable and in line with what service providers are currently offering. Due of the necessity of the current cycle of restatements, it is an excellent time to improve plans in multiple facets with a single effort.
Please let us know how we can partner with you during this restatement process or any other retirement plan needs.
We are excited to announce that we are a founding member of The Cerrado Group. The Cerrado Group is a partnership of nine of the nation’s preeminent Third Party Administrator (TPA) consulting firms. The group’s members, while remaining independent regional operators, will actively combine our vast resources and service offering to fully service a wide variety of clients.
We are excited about this partnership and what it represents. Together the group’s joined force is equivalent to over a century of experience, with plans in all 50 states representing billions of dollars in retirement savings.
We are excited to announce that we are moving to our new Brentwood headquarters location on October 30, 2020. All phone numbers for Acuff personnel will remain the same. We ask that you update your records and direct all mail to our new address:
Acuff & Associates, Inc.
320 Seven Springs Way, Suite 115
Brentwood, TN 37027