CEFEX Certifies RPG Consultants for the 10th Consecutive Year

RPG Consultants was founded on principles of accuracy, integrity, and exceptional client service. We are also committed to continual improvement. Our dedication to doing what is best for you, our clients, prompted us to engage CEFEX, the Centre for Fiduciary Excellence, LLC to audit our processes. R [...]

2021-07-15T11:46:34-05:00July 15th, 2021|Categories: Newsletters/Bulletins|Comments Off on CEFEX Certifies RPG Consultants for the 10th Consecutive Year

Upcoming Compliance Deadlines for Calendar-Year Plans

Upcoming Compliance Deadlines: Participant notices, ADP/ACP Corrections, Discretionary Amendments, Defined Benefit Funding, IRS Form 945, IRS Form 1099-R, IRS Form W-2

2020-11-13T11:26:40-05:00November 13th, 2020|Categories: Newsletters/Bulletins|Tags: , , , , , , , , |Comments Off on Upcoming Compliance Deadlines for Calendar-Year Plans

The SECURE Act Reminders

With so much discussion surrounding the CARES Act, it is easy to forget that 2019 brought us some of the most significant changes to retirement plan law since the passage of the Pension Protection Act of 2006. This legislation came to us by virtue of The Setting Every Community Up for Retirement Enhancement (SECURE) Act that was signed into law on December 20, 2019. While many of the SECURE Act provisions are currently in effect, there are important provisions still to come that plan sponsors should be prepared for in 2021 and beyond.

2020-11-13T11:24:06-05:00November 13th, 2020|Categories: Newsletters/Bulletins|Tags: , , , , |Comments Off on The SECURE Act Reminders

The CARES ACT Update

2020 has been a difficult year with many unexpected challenges. For companies that sponsor retirement plans, some of these challenges came in the form of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. While the CARES Act provided much needed relief to plan sponsors and their participants, the relief also brought new complexity to retirement plan compliance.

2020-11-13T11:24:03-05:00November 13th, 2020|Categories: Newsletters/Bulletins|Tags: , , , , , , , |Comments Off on The CARES ACT Update

Required Year-End Participant Notices

As the end of the year approaches, our to-do lists become longer but our bandwidth becomes condensed. To compound matters, when you sponsor a retirement plan, you know you will be in close contact with your TPA firm about the various year-end notices that must be distributed to plan participants.

Post-PPA (Cycle 3) Plan Document Restatements

Approximately every six years, the IRS requires that pre-approved qualified retirement plans update (or restate) their plan document to reflect recent legislative and regulatory changes. Plan restatements are divided into staggered six-year cycles depending on the type of plan (e.g. defined benefit plans or defined contribution plans, such as 401(k) and 403(b) plans). In Announcement 2020-7, the IRS confirmed that the next restatement cycle for pre-approved defined contribution plans is a 24-month period that began August 1, 2020 and will close on July 31, 2022. This restatement cycle is known as the “Cycle 3” restatement, as it is the third required restatement under the pre-approved retirement plan program.

2021-02-25T15:02:06-05:00November 13th, 2020|Categories: Newsletters/Bulletins|Tags: , , , , , |Comments Off on Post-PPA (Cycle 3) Plan Document Restatements

Cost of Living Adjustments for 2021

On October 26, 2020, the IRS announced the Cost of Living Adjustments affecting the dollar limitations for retirement plans. Contribution and benefit increases are intended to allow participant contributions and benefits to keep up with the “cost of living” from year to year.

2020-11-13T11:23:04-05:00November 13th, 2020|Categories: Newsletters/Bulletins|Tags: , , , , , , |Comments Off on Cost of Living Adjustments for 2021

CEFEX Certifies RPG Consultants for the 9th Consecutive Year

RPG Consultants was among the first firms in the United States to successfully complete the independent certification process for recordkeepers, and has now earned the certification for the 8th consecutive year. Our CEFEX-ASPPA certification signifies our commitment to adhere to a standard of excellence and a dedication to recordkeeping and administration best practices.

2020-08-13T16:35:52-05:00August 13th, 2020|Categories: Newsletters/Bulletins|Tags: , |Comments Off on CEFEX Certifies RPG Consultants for the 9th Consecutive Year

Understanding the CARES Act

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on Friday, March 27, 2020. Besides the generalized financial relief afforded to individuals, as well as loans and other concessions for businesses, the massive relief bill for those suffering as a result of the Coronavirus Pandemic includes many provisions to help participants and employer sponsors of retirement plans.

2020-04-07T10:00:16-05:00April 7th, 2020|Categories: Newsletters/Bulletins|Tags: , , , , |Comments Off on Understanding the CARES Act
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