Eventbrite Link:
https://RetirementPlanForum.eventbrite.com
Zoom Link:
https://us06web.zoom.us/j/2642502750
Meeting ID: 2642502750
Attendees:
Financial Advisors and CPAs.
Benefit for attendees:
Learning about regulations and requirements for retirement plans so FAs and CPAs can present those issues to clients and prospective clients should help to retain clients and attract new ones. Also an opportunity for FAs to meet CPAs and CPAs to meet FAs so they can share ideas and refer business to each other.
If companies don’t follow the rules they expose themselves to fiduciary liabilities such as lawsuits from plan participants, government fines for mishandling funds or violating compliance rules such as following plan documents, improper discrimination testing, and more.
Topics:
New Regulations that have come out in the last 3 months
- Automatic enrollment mandate. Beginning in 2025. Any plan set up after 2022 has to be automatic enrollment after 2024-12-31
- Different levels of distributions coming out.
- Different levels of catchup contributions, people 61 to 64. Higher level of catch up contribution available in 2025. At least $10,500, depends on index for 2025 which we will not know until 2024-10.
- Roth catchup contributions 2026
- Tax Credits for start up administrative costs for setting up a plan, employer contributions to the plan, automatic enrolment.
- How we can help the FA with their investment review meeting that they have to do.
Quarterly, held on the 1st Thursday of the month 12-1pm
2024: Sep 5th, Dec 5th, Mar 6th, Jun 5th
Host:
Kevin Reynolds
President
EJ Reynolds, Inc.
Financial Services
Pembroke Pines, FL
linkedin.com/company/ejreynolds-inc-
ejreynoldsinc.com/member/kevin-p-reynolds/
kpreynolds@ejreynoldsinc.com
O:954.431.1774 ext. 114
C:954.401.1744
Moderator
Jeff Tockman, JD/MBA
Business Development Consultant
Owner, The Referral Navigator
TheReferralNavigator.com
LinkedIn.com/in/JeffTockman
TheReferralNavigator@gmail.com
561-922-9321 mobile/direct