Articles — Ascensus

Retirement Savings Challenges Amplified by Growing Gig Economy

One of the biggest challenges “gig workers” face is a lack of access to an employer-sponsored retirement plan and the employer contributions that often go with it. Fortunately, there are four retirement savings alternatives ideal for gig workers.

IRA, Employer PlanAscensusNovember 15, 2018Business Insights, Industry Trends & Statistics, Traditional IRA, Roth IRA, SEP Plan, HSA, Retirement Plan, 401(k) Plan, Contribution

Most IRA and Retirement Plan Limits Will Increase for 2019

The IRS recently released the 2019 cost-of-living adjustments. Many key IRA and retirement plan limits were increased for 2019.

IRA, Employer PlanAscensusNovember 15, 2018Compliance & Operations, IRA, Traditional IRA, Roth IRA, SEP Plan, SIMPLE IRA Plan, Retirement Plan, Qualified Retirement Plan, 403(b) Plan, 401(k) Plan, IRS, Contribution, Eligibility

How SEP, SIMPLE, and Owner-Only 401(k) Plans Stack Up

Most small business owners and self-employed individuals want an employer-sponsored retirement plan that’s affordable and easy to administer. Find out how SEP, SIMPLE IRA, and owner-only 401(k) plans stack up.

Employer PlanAscensusOctober 18, 2018Compliance & Operations, Business Insights, SIMPLE IRA Plan, SEP Plan, Retirement Plan, 401(k) Plan, Contribution, Distribution

IRA Document Concerns Upon Mergers and Acquisitions

Are we required to notify IRA clients who came to us from an acquisition that we are the new trustee? What should I do if the IRA documents are missing? Do we need to do anything regarding the SEP plans that were established with the previous organization if we do not offer SEP Plan documents?

expert, IRAAscensusMay 17, 2018Compliance & Operations, Documents & Amendments, SEP Plan, SIMPLE IRA Plan, Q&A

Spot Check IRA Contribution Reports Before They Go Out in May

Consistently filing incorrect information returns is a red flag to the IRS, prompting questions, a possible IRS audit, and potential financial organization penalties.

IRA, Employer PlanAscensusApril 19, 2018Compliance & Operations, Reporting, Form 5498, IRS, Traditional IRA, Roth IRA, SIMPLE IRA Plan, SEP Plan