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Innovative Myth Series #1: I Can Rely on My Recordkeeper to Manage Terminated Employees

Tuesday, January  15,  2019

Download full case study here. Let Innovative perform a complimentary review of your plan, contact our retirement planning team here.  

Innovative Benefit Planning Celebrates 30 Years of Business

Thursday, January  10,  2019

As we enter 2019, Innovative Benefit Planning celebrates 30 years of success as a national, employee benefit, and financial services company.  Founded in 1989 by Terriann Procida and Mark Sulpizio in Mt. Laurel, NJ, the firm’s vision was to provide unique employee benefit consulting and financial planning services to businesses and their executives in the … Continue reading

Retirement Match on Student Loan Debt- UPDATE

Friday, December  21,  2018

In October we reported on a Private Letter Ruling the IRS issued for an employer interested in offering a student loan repayment benefit through their 401(k) plan.  While the ruling only applied to the plan and plan sponsor who requested it, we suspected at the time that the ruling would most likely expand interest in … Continue reading

Let’s Discuss Tax Relief from Your 199A Deduction

Friday, December  7,  2018

Earlier this week we discussed the Tax Cuts and Jobs Act of 2017 and the limits placed on the deductibility of State and Local taxes for 2018. Now let’s discuss your 199A deduction. For many owners of pass-through entities, the new 199A deduction will generate welcome tax relief in 2018.  If your business qualifies based … Continue reading

There May Be a Simple Solution to Decrease the 2018 Tax Burden Through a Customized Retirement Plan Design

Tuesday, December  4,  2018

The Tax Cuts and Jobs Act of 2017 have limited the deductibility of State and Local taxes for 2018.  As a result, many high earners may be subject to additional taxes this year.  However, there may be a simple solution to decrease the 2018 tax burden through a customized retirement plan design. At Innovative, we … Continue reading

Student Loan Considerations for Plan Sponsors-Part Two

Wednesday, October  17,  2018

As a follow up to our first article on student loan debt, its impact on employers and the recent IRS Private Letter Ruling (PLR) regarding student loan repayments, we’ve attached a summary of items to consider when contemplating this type of arrangement.  As this ruling has just been released, we can expect additional items in … Continue reading

IRS Allows 401K Match for Student Loan Repayments

Monday, October  15,  2018

The IRS recently issued a Private Letter Ruling (PLR) for an employer interested in offering a student loan repayment benefit through their 401(k) plan.  While the ruling only applies to the plan and plan sponsor who requested it, the ruling will most likely expand interest in this type of program, resulting in legislative action in … Continue reading

Are Your Retirement Plan Committee Members Aware of Their Fiduciary Obligations?

Friday, October  5,  2018

Do your retirement plan committee members have a thorough understanding of their fiduciary obligations? In a recent court case involving the retirement plans offered at New York University, the court found that certain committee members were not fully aware of their obligations as Fiduciaries.  At Innovative Benefit Planning, we assist our clients with the establishment … Continue reading

Fiduciary Rule Update

Thursday, November  9,  2017

As you may remember, major components of the Department of Labor (DOL) fiduciary rule have been applicable to retirement advice since June 9, 2017. However, on November 2, 2017, the DOL sent a final rule that would extend the transition period of its fiduciary rule by 18 months to the Office of Management and Budget … Continue reading

IRS Releases Maximum Contribution, Deferral and Compensation Limits for HSA, FSA, and 401(k) for 2018

Wednesday, October  25,  2017

The IRS has released the maximum contribution limits for Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) for 2018.  The IRS also released the maximum deferral and compensation limits for 401(k) accounts. Health Savings Accounts Single Coverage Maximum Contribution Limit: $3,450 ($50 increase from 2017) Family Coverage Maximum Contribution Limit: $6,900 ($150 increase from … Continue reading


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