Retirement plan contribution limits increase for 2020

We keep you updated with the latest news from Martin Hood and helpful information whenever there is a change to employment or tax laws.

Retirement plan contribution limits increase for 2020

January 28, 2020

Retirement plan contribution limits increase for 2020

The IRS has announced the increase in contribution limits for various retirement accounts for 2020. For any employees who participate in 401(k),…

Form 5500 Extended Filing Deadline Coming Up

October 2, 2019

Form 5500 Extended Filing Deadline Coming Up

If your Company has a benefit plan that requires an annual audit, be aware that the extended filing deadline is October 15.…

IRS Increases Contribution Limits for Retirement Accounts

November 8, 2018

IRS Increases Contribution Limits for Retirement Accounts

The IRS has increased the contribution limits for various retirement accounts for 2019. The Internal Revenue Service says that the contribution limit…

Pension Contribution Limits Announced for 2017

November 30, 2016

Pension Contribution Limits Announced for 2017

From The Journal of Accountancy: The IRS announced on Thursday, October 27, 2016 that the limit on elective deferral for contributions to 401(k)…

Illinois Secure Choice Savings Program Act

November 11, 2016

Illinois Secure Choice Savings Program Act

To improve the retirement savings of Illinois workers, the Illinois State Treasurer’s Office has created the Illinois Secure Choice Savings Program Act…

MHFA Employee Benefit Plan Team

April 6, 2016

MHFA Employee Benefit Plan Team

Who ya gonna call? When you need the answer to the question, "Should I withhold 401k income from my employees' bonus?" or if you…