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Posts published in “Pension”

States Begin to Mandate Worksite Retirement Plans


There is a direct correlation between the size of an employer’s workforce and the likeliness of their offering a retirement plan.  While about 92% of companies having greater than 10,000 employees offer a 401(k)-style plan, those with under 10 employees, the rate drops to 8%.   The flip side is that 86% of employers do not offer a plan, which translates to about 68 million Americans without access to a employer-sponsored plan, and states have taken notice. Beginning in 2017, a number of states have implemented laws requiring smaller businesses to implement a plan with many more in the legislative proposal…

2016; not much different than 2015


As 2015 is just starting to wind down, the government has already set  many limits for 2016.  In general, the limitations will not change as a result of the cost of living index not meeting the statutory thresholds that trigger a change. The Old-Age, Survivors, and Disability Insurance (OASDI), aka Social Security, wage limit remains unchanged at $118,500 and a tax rate of 6.20%.  The last time the OASDI wage limit did not increase was between 2009 to 2011 where it remained at $106,800.  Prior to 2009, the limit had always increased going all the way back to 1950. The deferral limits for your pension…