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IRA HSA ESA Employer Plan Home IRA HSA ESA Employer Plan Scroll The Link An award-winning financial publication linking your organization to timely and relevant key compliance topics so you can better administer your retirement, health, and education savings programs Featured Articles Articles Apr 18, 2024 IRS Provides Further RMD Transition Relief Under the SECURE Act Apr 18, 2024 On April 16, 2024, the IRS issued Notice 2024-35 to provide additional transition relief for certain specified RMDs for 2024. Read More → Apr 18, 2024 Apr 18, 2024 Reduce Form 5498 Reporting Errors with this Simple Step Apr 18, 2024 As you’re preparing to send your Form 5498 files to your vendor for printing, you’ve probably caught some reporting errors as you audit the files. But mistakes happen. And those errors that inevitably slip through are likely those that keep you up at night. It’s not fun getting a phone call or visits from upset clients after they received an incorrect Form 5498. Read More → Apr 18, 2024 Apr 18, 2024 Washington Pulse: DOL Releases Proposed Regulations for Automatic Portability Transactions Apr 18, 2024 The Department of Labor (DOL) has released proposed regulations related to the implementation of section 120 of the SECURE 2.0 Act (SECURE 2.0). Read More → Apr 18, 2024 Apr 18, 2024 529 Plan-to-Roth IRA Rollovers Apr 18, 2024 The SECURE Act of 2022—also known as SECURE 2.0—made many changes to tax-advantaged savings arrangements. Not all SECURE 2.0 provisions took effect immediately. One new provision that takes effect in 2024 is the option for certain assets in 529 higher education savings plans to be rolled over to Roth IRAs. Read More → Apr 18, 2024 Apr 18, 2024 Understanding the New Eligibility Requirements for Long-Term, Part-Time Employees Apr 18, 2024 Over the past five years Congress has passed extensive legislation to encourage more people to save for their retirement. One obstacle many people face in this endeavor is not meeting eligibility requirements to participate in an employer-sponsored 401(k) plan. This hurdle is now easier to overcome for people who have worked on a part-time basis for their long-term employer. Read More → Apr 18, 2024 News Briefs Industry news as it happens Read More Ask an Expert Consultant responses to common or confusing questions Read More Education Spotlight Upcoming education events and featured products Read More Solution Center Business insights and quick reference tools Read More Is it Time to Streamline Your HSA Business Strategy? Learn More Individual Retirement Arrangements See All in IRA Articles Apr 18, 2024 IRS Provides Further RMD Transition Relief Under the SECURE Act Apr 18, 2024 On April 16, 2024, the IRS issued Notice 2024-35 to provide additional transition relief for certain specified RMDs for 2024. Read More → Apr 18, 2024 Apr 18, 2024 Reduce Form 5498 Reporting Errors with this Simple Step Apr 18, 2024 As you’re preparing to send your Form 5498 files to your vendor for printing, you’ve probably caught some reporting errors as you audit the files. But mistakes happen. And those errors that inevitably slip through are likely those that keep you up at night. It’s not fun getting a phone call or visits from upset clients after they received an incorrect Form 5498. Read More → Apr 18, 2024 Apr 18, 2024 529 Plan-to-Roth IRA Rollovers Apr 18, 2024 The SECURE Act of 2022—also known as SECURE 2.0—made many changes to tax-advantaged savings arrangements. Not all SECURE 2.0 provisions took effect immediately. One new provision that takes effect in 2024 is the option for certain assets in 529 higher education savings plans to be rolled over to Roth IRAs. Read More → Apr 18, 2024 Mar 21, 2024 SECURE 2.0 Act Adds New Penalty Tax Exception for Terminal Illness Mar 21, 2024 One new penalty tax exception is for the terminal illness of a retirement plan participant or IRA owner. The provision applies to terminally ill distributions made after December 29, 2022. The rationale for this new exception is the potential need of an individual to use retirement funds for expenses related to a terminal illness. Read More → Mar 21, 2024 See All in HSA Health Savings Accounts Articles Mar 21, 2024 800 Consulting Extended Hours Mar 21, 2024 To assist clients during the busy contribution and tax season, the 800 Consulting telephone lines will be open for extended hours. Read More → Mar 21, 2024 Feb 15, 2024 Medical Expenses That Can and Can't Be Covered by an HSA Feb 15, 2024 Some HSA owners may not fully understand what medically-related expenses their HSA is allowed to cover. Although financial organizations are not responsible for determining whether a medical expense is a qualified expense, it is helpful to know some of the basics. Read More → Feb 15, 2024 Jan 18, 2024 Is Your Organization on Track to Meet These IRA, HSA, and Coverdell ESA Deadlines? Jan 18, 2024 It's a brand-new year filled with fresh reporting deadlines, and perhaps a good time to take note on whether your financial organization is on track to meet these obligations—or to refresh your memory on when specific deadlines occur. First quarter is always a busy reporting season. Read More → Jan 18, 2024 Oct 19, 2023 Common Misconceptions ing Your HSA During Retirement Oct 19, 2023 Health savings accounts (HSAs) will celebrate 20 years in 2024, and these tax-advantaged accounts are more popular than ever. However, there are some common misconceptions about HSAs that prevail, despite their growing popularity. Read More → Oct 19, 2023 Coverdell Education Savings Accounts See All in ESA Articles Mar 21, 2024 800 Consulting Extended Hours Mar 21, 2024 To assist clients during the busy contribution and tax season, the 800 Consulting telephone lines will be open for extended hours. Read More → Mar 21, 2024 Jan 18, 2024 Is Your Organization on Track to Meet These IRA, HSA, and Coverdell ESA Deadlines? Jan 18, 2024 It's a brand-new year filled with fresh reporting deadlines, and perhaps a good time to take note on whether your financial organization is on track to meet these obligations—or to refresh your memory on when specific deadlines occur. First quarter is always a busy reporting season. Read More → Jan 18, 2024 Oct 19, 2023 Q is for Qualified Coverdell ESA Distributions: Helping Your Clients Pay for Education Expenses Oct 19, 2023 If it’s been a while since you’ve worked with Coverdell ESAs, here’s a refresher on the rules and your responsibilities when processing ESA distributions. Read More → Oct 19, 2023 Jun 15, 2023 Common Coverdell ESA Distribution and Portability Questions Jun 15, 2023 Here are answers to some of the common Coverdell ESA questions we receive from financial organizations. Read More → Jun 15, 2023 Employer-Sponsored Retirement Plans See All in Employer Plan Articles Apr 18, 2024 IRS Provides Further RMD Transition Relief Under the SECURE Act Apr 18, 2024 On April 16, 2024, the IRS issued Notice 2024-35 to provide additional transition relief for certain specified RMDs for 2024. Read More → Apr 18, 2024 Apr 18, 2024 Washington Pulse: DOL Releases Proposed Regulations for Automatic Portability Transactions Apr 18, 2024 The Department of Labor (DOL) has released proposed regulations related to the implementation of section 120 of the SECURE 2.0 Act (SECURE 2.0). Read More → Apr 18, 2024 Apr 18, 2024 Understanding the New Eligibility Requirements for Long-Term, Part-Time Employees Apr 18, 2024 Over the past five years Congress has passed extensive legislation to encourage more people to save for their retirement. One obstacle many people face in this endeavor is not meeting eligibility requirements to participate in an employer-sponsored 401(k) plan. This hurdle is now easier to overcome for people who have worked on a part-time basis for their long-term employer. Read More → Apr 18, 2024 Apr 18, 2024 Washington Pulse: DOL Releases Final Rule Clarifying Employee or Independent Contractor Status Apr 18, 2024 The...