There is a lot of interest in cash balance plans. Both clients and their advisors have been asking us about cash balance plans. This article will discuss what a cash balance plan is and how it works. A cash balance plan is a type of defined benefit pension plan. It is subject to the same minimum and maximum benefit and … Read More
Don’t Miss Out on 4th Quarter Opportunities
The fourth quarter provides a unique opportunity for you to help your clients. While risk management tools, including captives, pensions and other employee benefit plans can and should be offered throughout the year, many business owners are more focused at the end of the year. They often have a better idea in December whether they can afford to implement one … Read More
Ken Monroe – Employee Spotlight
Name: Ken Monroe Job title: IT Manager Length of employment with RMC: 3 Years Favorite Place You’ve Traveled To: The United Kingdom Favorite movie? Tron: Legacy Least favorite food? Fried Frog Legs What was your first job? Data Entry What is one thing you can’t live without? A morning cup of coffee What 3 words best describe you? Optimistic, Perceptive, Responsive If … Read More
Bacharach to Speak at New England Practice Management Conference
Tom Bacharach, Regional Vice President of the Northeast for the RMC Group, will be speaking at the 2018 New England Practice Management Conference on Friday, November 30, 2018. The conference is sponsored by the Massachusetts Society of CPAs. Tom will be on a panel with two other professionals. The subject of the panel discussion is Tax Planning with the TCJA … Read More
Risk Analysis and Review
RMC Group will conduct a risk management analysis of your insurance needs. Our review includes an analysis of your existing insurance policies, providing a detailed evaluation of your existing coverage. We will identify gaps in your coverage and offer you several options for covering those gaps. We will identify emerging risks that your business may face, help you evaluate your … Read More
Maximum Pension Limits for 2019
Each year, the IRS sets limits for pension plans. These limits are reviewed annually and adjusted for inflation. The following are some important limits in effect for 2019: Maximum compensation for plan purposes is $280,000 Maximum monthly benefit for defined benefit plans ages 62 to 65 is the lesser of 100% of compensation or $18,750 with an annual benefit $225,000 … Read More