Can A Profit-sharing Plan Be Rolled Into A SEP IRA? One of the rollovers permitted by the IRS rules allows you to move money from your profit-sharing plan to a SEP IRA. Both are tax-sheltered accounts, which means you won’t owe any taxes as a result of the rollover. What is the penalty for cashing
What Benefits Do Employees Receive From Saving For Retirement Using 401 K Plans? With a 401(k), employees can save pre-tax dollars while they are working. By the time the savings are needed to fund their retirement, it’s anticipated that they will be in a lower tax bracket, which can generate long-term tax savings. Why is
Can Employer Change Health Insurance Contribition Mid Year? Q: Can employers cancel a health insurance plan mid-year? A: Yes; however, there may be restrictions to those changes. If you are thinking about pursuing this avenue, consider the following: Confirm all termination provisions under your current plan document and insurance contract. Can employer change 401k match