2018 Retirement Plan Limits
At the end of 2017, the Internal Revenue Service announced the 2018 limits on benefits and compensation. Not much changed from 2017, but there were some increases to note. ...
We did it!
We are proud to announce that Beasley & Company has received the CEFEX, Centre for Fiduciary Excellence certification for adherence to the American Society of Pension Professionals & Actuaries...
When to Deposit Participant Contributions and Loan Payments
Late deposits of participant contributions and loan payments can be costly to correct and may increase the chances of a Department of Labor (DOL) audit. Late deposits are considered...
Why a 401(k) Loan May Not Be a Good Idea
When a participant borrows against his/her retirement plan balance, investments are sold to generate cash to fund the loan. As a result, the participant is missing out on investment...
Tips for Preventing Beneficiary Disputes and Liability
Upon the death of a participant, it’s important to determine the rightful beneficiaries based on the deceased participant’s current beneficiary designation. To prevent problems, here are some operational steps...