In this episode, Josh and Jay provide context to the updated Electronic Disclosure Rule, particularly around how significantly technology and electronic communications have changed since the rule was first introduced in 2002.
Tune in to hear Josh & Jay's thoughts on Hurricane Sally, what to do with employees, taxes, tech, incomes, cash flow, and reserves, and of course…Covid’s continued impact on our local business community.
The CARES Act permits a “coronavirus-related distribution” of up to $100,000, with favorable tax treatment, but employers across the country have struggled with this. Some implemented it; some are dead set against it, and some are taking a wait and-see approach.
Josh and Jay discuss the impact of Hurricane Sally plus everything that has changed over the past 6 months while dealing with the Covid pandemic
Retirement plans experienced a monumental shift from the days of the company taking care of it’s employees' retirement needs, both in the accumulation phase and distributions in retirement, to current day where many plans are self directed and require the plan participant to make investment and withdrawal decisions on their own.
Most business owners offering 401k plans are not aware that they could be held personally liable for decisions made in their 401(k) plan, and the bigger your plan, typically the more likely that the IRS, DOL or a plaintiff’s attorney will take a look.