Military — Articles

Military Spouse Retirement Plan Eligibility Credit for Small Employers

The SECURE 2.0 Act gives certain employers a general business tax credit for immediately including military spouses in their defined contribution plan.

Employer PlanAscensusMarch 16, 2023Military, Business Insights, Compliance & Operations, Contributions, Retirement Plan, Qualified Retirement Plan

Effects of Military Service on a Retirement Plan

Can employees make up missed contributions to an employer-sponsored retirement plan for the time they were called to active military duty? Can a plan sponsor adopt special distribution options for employees called to active military duty? Are there special allowances for loan repayments for an employee called to active military duty?

Employer Plan, expertAscensusAugust 15, 2019Compliance & Operations, Retirement Plan, Contribution, Distribution, Loan, Military, Q&A

IRS Updates Acts that May Be Postponed Due to Disaster, Armed Forces Service

The IRS has updated its list of tax-related time-sensitive acts that may be postponed due to federally-declared disasters or service in the Armed Forces.

Employer Plan, IRAGuest UserDecember 20, 2018Compliance & Operations, IRA, Retirement Plan, IRS, Contribution, Disaster, Excess Contribution, Form 5498, Guidance & Legislation, Loan, Military, Recharacterization, Rollover

Details of Tax Reform 2.0 Legislation Revealed

Tax Reform 2.0, if enacted by Congress, would make significant changes to tax-advantaged savings arrangements. The House may vote on this legislation by the end of September.

IRA, Employer PlanAscensusSeptember 20, 2018News, IRA, Retirement Plan, Congress, Traditional IRA, 403(b) Plan, 401(k) Plan, Education, Guidance & Legislation, Military, Plan Establishment, Required Minimum Distributions, Rollover, Tax