Overpayments from qualified retirement plans to plan participants are among the most common—and most sensitive—administrative errors encountered by plan sponsors and fiduciaries. They often arise quietly: calculation mistakes, misapplied plan terms, delayed data updates or vendor processing errors. Once discovered, however, an overpayment demands immediate and careful attention. Left uncorrected...
May 2026 15th: Quarterly Benefit Statement: Deadline to supply participants of participant-directed plans with the quarterly benefit/disclosure statement, including a statement of plan fees and expenses charged to individual plan accounts during the first quarter of 2026. June 2026 30th: EACA ADP/ACP Corrections: Deadline to process corrective distributions resulting from failed ADP/ACP...
After three consecutive years of double-digit gains, U.S. equity markets stumbled in the first quarter of 2026, pressured by escalating geopolitical tensions in the Middle East, a sharp rise in energy prices, a reassessment of mega-cap technology valuations, and fading confidence in near-term Federal Reserve easing. The S&P 500 Index1 declined 4.6% during the quarter, as the outbreak of the...
World Password Day (May 7, 2026) is a useful reminder that while technology evolves, one thing hasn’t changed: access to your accounts is still one of the most valuable targets for cybercriminals. What has changed is how attackers operate. Today’s threats are more sophisticated and scalable than ever. AI-driven phishing emails can closely mimic trusted contacts. Credential stuffing...
A Financial Planner’s Guide (2026) Are nursing home expenses tax deductible? What about in-home care or assisted living? Here’s everything you need to know about claiming elder care costs on your tax return — from someone who’s been through it personally. When a loved one’s health deteriorates suddenly, it can be overwhelming. On top of the emotional weight — watching someone who was once...
Let’s play a game. How do you play? Think about what financial goals you want to instill in your child. Schedule a free consultation with one of our Certified Financial Planners™ professionals to help codify those goals into a comprehensive financial plan. Put that plan into action and marvel as the 8th wonder of the world (compound interest) works its magic. The sooner you play, the sooner your...
How SECURE 2.0 tax credits, falling plan costs, and contribution limits up to $72,000 make this the best year to start a Solo 401(k). If you’re a freelancer, consultant, independent contractor, or sole proprietor who has been relying on a traditional IRA — or worse, no retirement plan at all — 2026 may be the most important year to reconsider your strategy. The Solo 401(k) has quietly become one...
Recently, there have been growing concerns regarding Artificial Intelligence (AI) and its impact on white-collar jobs. Markets have reacted to this news, and we've had clients express their concerns. I came across this article from Marc Andreessen, a billionaire tech investor and co-founder of venture capital firm Andreessen Horowitz who previously created the first widely-used web browser...
Tax season is the one time each year when every financial decision you've made comes into focus. Your CPA is exceptional at filing your return accurately — but their job isn’t always to proactively map your financial future. That’s where a financial planner comes in. This February, go into that tax appointment armed with the right questions. 1. Ask About IRA Contributions You have until...
In recent weeks, the stock market has experienced increased volatility and pullbacks, particularly in the software and technology sectors, as investors digest information regarding how recent updates from Anthropic may impact the broader software landscape and whether AI spending by the Magnificent Seven will be fruitful. I thought this would be a good time to review key behavioral principles...
We are excited to tell you that Steve Yamshon’s, Managing Principal, new book on investing, "The Investor's Manifesto," will be published by Henry Holt and Company this spring! The book explains his investment philosophy over the past 40 years. Written in a non-technical, easy-to-read style, it gives insight into what Steve and the team do almost every day. The book focuses on...
Spring will arrive soon, promising new growth and a fresh beginning. It could also be the perfect time to do some spring cleaning for your plan. Let’s look at some areas that you might consider reviewing to ensure your retirement plan is operating efficiently. Document your processes and procedures to make certain that plan tasks can be handled in case of any absences during an enrollment or pay...
Cybersecurity has become a necessary consideration in many aspects of life, and your retirement plan is no exception. For plan sponsors, understanding your responsibilities—as well as those of the third party administrators (TPAs) and recordkeepers that you work with—is a fundamental part of ERISA (Employee Retirement Income Security Act) compliance and the fulfillment of your fiduciary...
An employer-sponsored retirement plan is an extremely valuable benefit a company can offer its employees. At the heart of this benefit is the plan document—the official rulebook that explains exactly how the plan works. For plan sponsors, understanding this document isn’t just helpful; it’s essential. Here’s why: It keeps the plan compliant. The plan document spells out the rules that make the...
As a plan sponsor, it’s critical to understand the rules surrounding Required Minimum Distributions (RMDs) because they directly impact compliance, participant education and operational processes. RMDs are mandatory withdrawals from qualified retirement accounts, and failure to handle them correctly can lead to penalties for participants and fiduciary risks for your plan. In...
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