Overview of Change Effective immediately, American Trust Company will no longer require an amortization schedule to be submitted with Loan Applications for Recordkeeping-Only Plans. The loan repayment terms provided on the Loan Application Form will be entered into...
As we mentioned in our last newsletter, beginning January 1, 2026, employees age 50 or older in 2026 who have total 2025 FICA wages (Box 3 of W-2) with the current employer in excess of $145,000 (indexed for future years), must have catch-up contributions taxed as a...
By Kevin McDevitt For years, 401(k) plans have been built around familiar investments, such as mutual funds, stocks and bonds. As of late, a shift is underway. Lawmakers and regulators are now exploring ways to let everyday retirement savers invest in private equity,...
We’ve all heard it, many Americans are behind when it comes to saving for retirement, and some fear they may never be fully prepared as other financial stressors take priority. But what if advisors could help change that trajectory for participants? Participants who...
By Jerrod Weiss Employer-sponsored retirement plans offer many tax-based benefits and simplicity, enabling Americans to reach their retirement goals. One benefit often overlooked is the broad protection from creditors under federal law (ERISA). ERISA‑qualified plans...
In today’s dynamic retirement landscape, our commitment to you and your plan participants remains steadfast. We recognize that exceptional service is the cornerstone of our partnership. It is our privilege to support our clients in achieving retirement success. As...
National 401(k) Day is more than just a calendar event. It is a powerful reminder to take control of your financial future. Observed on the Friday after Labor Day, this annual event encourages individuals to assess their retirement savings, adjust their contributions...
ERISApedia, a product of AmericanTCS’s PensionPro, offers a powerful suite of web-based resources to professionals working with retirement plans.From the industry’s most comprehensive compliance-oriented reference ebooks to expert support and business development...
Beginning January 1, 2026, employees (age 50 or older) who are eligible to make catch-up contributions and who had wages exceeding $145,000 in the prior year (2025), indexed annually for inflation will be required to make those catch-up contributions on a Roth...
As the last days of summer come into view, it’s time to begin preparing for year-end plan administration tasks: Required Minimum Distributions (RMDs): Participants who are age 73 or older, and are either more than 5% owners of the employer or terminated as of...