Month: July 2024
IRS Releases Education Assistance FAQs
The IRS recently released a Fact Sheet to address frequently asked questions related to educational assistance programs offered under IRC Section 127. Programs offered under this section allow employees to receive a tax-exempt benefit while providing employers with a tax deduction. The IRS noted that this Fact Sheet should not...
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Secure 2.0 Student Loan Matching
The SECURE Act 2.0 allows employers to match employee student loan payments with retirement plan contributions. This benefit aims to help employees burdened with student debt save for retirement. Plan sponsors can implement this benefit to improve recruiting and retention. However, employers must navigate several considerations and challenges to implement...
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Innovative Launches Secure 2.0 Act Readiness Checklist!
Secure Act 2.0 changes directly impact Roth accounts, IRA, 401(k), 403(b), and many related tax breaks; however, for the purposes of this document, the focus will be on 401(k) and 403(b) plans. Plan sponsors need to review their plan design, demographic data and discrimination testing to determine how the many...
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Innovative Benefit Planning: 35 Years of Putting People First
This past February Innovative Benefit Planning was proudly featured in SJ Magazine for celebrating 35 years in business. We are grateful to have been recognized for our efforts, however, the true pride comes from the things we do for others, and the impact we make. Take a look at the article...
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