Articles — Ascensus

Do you sometimes get asked about the benefits of having a conduit IRA? Anymore it’s a thing of the past, but there are reasons why some of your clients may find value in using a conduit IRA.

After Near Misses, Congress Zeroes in on Major Retirement Reforms

The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 is the latest House version of a retirement reform bill that, if passed, would make many significant changes to the retirement savings landscape.

Minors Owning IRAs

Can a minor own an IRA? Why would a minor want to own an IRA? Can a minor inherit an IRA? Are there any special distribution options?

Leased Employees in Qualified Retirement Plans

Who are leased employees? Is the recipient employer’s qualified retirement plan required to cover leased employees? If leased employees are covered, how does the recipient employer make contributions?

Simplified Tax Filing Promise Kept… Sort of

The 2018 IRS Form 1040 is noticeably different from previous years as a result of efforts to simplify tax filing. Just how different is it? Find out how reporting retirement savings-related information on Form 1040 has changed.

Employer Plan, ESA, HSA, IRAAscensusMarch 21, 2019Business Insights, Compliance & Operations, IRA, HSA, IRS, Reporting, Tax

Tax-Related Relief Granted for Alabama Disaster Victims

As a result of tornadoes, storms, and straight-line wind events in Alabama, the IRS has extended the deadline for affected victims to complete certain time-sensitive tax-related acts.

Successor Beneficiaries—an Untapped Market

Allowing successor beneficiaries to maintain an inherited IRA at your organization is an easy way to grow your IRA business. There are a few things to consider though.

IRAAscensusMarch 21, 2019Compliance & Operations, Business Insights, IRA, Beneficiary, Form 5498, Reporting

It’s Prime Time for IRA Deposits—Here’s Why

Your organization may be able to gain long-term clients and more deposits by promoting IRAs as an investment vehicle for every consumer group.

IRAAscensusMarch 21, 2019Business Insights, IRA, Rollover, Industry Trends & Statistics

More Than a Newsletter: A Tour of The Link

The Link can make administering your retirement, education, and health savings plans easier and help you grow your business. Tour The Link to learn how to find what you need—and what you may have been missing.

ESA, Employer Plan, HSA, IRAAscensusMarch 21, 2019Business Insights, IRA, HSA, Coverdell ESA, Retirement Plan

Family Coverage Does Not Mean “Family” HSA

Is a family HSA allowed? Can a family HSA be changed to a single HSA? Can an HSA be moved to a spouse’s HSA? What happens to an HSA once the HSA owner is no longer eligible?

HSA, expertAscensusMarch 21, 2019Compliance & Operations, HSA, Contribution, Eligibility, Q&A

Ineligible Contributions and Corrective Options

What causes an employer-sponsored retirement plan to have an ineligible contribution failure? What options are available for a plan to correct an ineligible contribution failure?

How to Navigate a Merger or Acquisition: Part II

Once a merger or acquisition has taken place, your organization may need to carry out additional tasks to complete the transition of your IRA program. Implementing a few standard procedures will help ensure that nothing is missed.

IRAAscensusFebruary 21, 2019Business Insights, Compliance & Operations, IRA, Documents & Amendments, Reporting

Familiar Retirement Reforms Still in Play

The Retirement Enhancement and Savings Act of 2019 (RESA) is the latest version of a retirement reform bill that, if passed, would make many significant changes to the retirement savings landscape.

Employer Plan, IRAAscensusFebruary 21, 2019IRA, Retirement Plan, Guidance & Legislation, Washington Pulse

2019 Road Map—What Retirement Savings-Related Changes May Be Ahead?

Looking at the road map for 2019, take note of what may be ahead for retirement savings-related changes. Here are some key items to watch for.

IRS Expands Circumstances for Recovering HSA Contributions

A recently released IRS information letter provides more answers to the question of whether an employer can recover erroneous HSA contributions made on behalf of its employees.

HSAAscensusFebruary 21, 2019Compliance & Operations, HSA, IRS, Contribution, Guidance & Legislation

For Those Struggling to Save, Funding an HSA Not a Matter of If But When

How can your HSA-eligible clients get the most from an HSA—even if they can’t contribute the most? By paying their HSA when they pay their medical bills. This can be an opportunity for your organization to drive HSA business.

HSAAscensusFebruary 21, 2019Compliance & Operations, Business Insights, HSA, Contribution

HSA and FSA: Two Distinctly Different Savings Plans

Is an HSA basically the same as an FSA? What are the advantages of contributing to either one? Can you contribute to both?

HSA, expertAscensusFebruary 21, 2019Compliance & Operations, HSA, Q&A

Employee Service Crediting: a Key Part of Plan Administration

For qualified retirement plan purposes, is crediting employee service important? Are there certain methods for crediting service and, if so, which one should be used? Can service with an employer ever be excluded?

Employer Plan, expertAscensusFebruary 21, 2019Compliance & Operations, Qualified Retirement Plan, Eligibility, Q&A