NADART Retirement Blog: News & Commentary about Retirement Plan Administration

Author: NADART Administrator Created: 11/29/2007
NADART's Retirement Blog will cover various topics and news related to retirement plan administration and retirement planning, from the viewpoints of business owners as well as participants in the plan.
Communicating the Importance of Contributing When You Can’t Offer Matching Contributions
By NADART Administrator on 1/29/2009
In the current economic climate, many companies have had to cut costs by suspending or reducing their 401(k) matching contributions. If your company has had to make this difficult decision, it’s important to communicate to your employees that they should keep contributing.
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How to Avoid Failing Your Contribution Nondiscrimination Test
By NADART Administrator on 1/22/2009
If your retirement plan fails its Contribution Nondiscrimination Test (CNT), don’t worry, it’s not the end of the world. There are several steps you can take to rectify the situation, which are discussed in a recent newsletter article from Tri-Ad, an employee benefit services firm.
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Nine Smart Personal Finance Moves for 2009
By NADART Administrator on 1/21/2009

With the way financial markets have performed over the last few months, now may be a good time to think about personal finance strategies for the future. An article by Bankrate.com titled Nine Smart Personal Finance Moves in 2009 offers some hints and potential courses of action for participants, which include:
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Agencies Release Automatic Enrollment Publication for Small Employers
By NADART Administrator on 1/16/2009
The Internal Revenue Service (IRS) and Department of Labor (DOL) has released a new publication on automatic enrollment, Automatic Enrollment 401(k) Plans for Small Businesses (pdf).
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2009 Brings New Tax Laws
By NADART Administrator on 1/14/2009

The new year brings with it a number of tax changes that people can take advantage of, according to an article in the Wall Street Journal. The biggest one for retirement savers is the maximum amount of that can be contributed to a 401(k), which is $16,500, up from $15,500. Those 50 or older can save an additional $5,500 for a total of $22,000.

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Required Minimum Distributions Suspended for 2009
By NADART Administrator on 1/7/2009
With the economy the way it is, at least there’s one thing you won’t have to worry about during 2009—Required Minimum Distributions (RMDs). According to new legislation, no person age 70½ or older will be required, during 2009, to take RMDs from their IRAs, 401(k), or other retirement plans.
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Retirement Resolutions for the New Year
By NADART Administrator on 12/30/2008

Every year brings new resolutions (often a repeat from last year’s resolutions). For 2009, why not resolve to concentrate on saving for retirement. The Associated Press recently wrote a piece on what you can do in the new year to plan for retirement:
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The 2009 NADA Convention Visits New Orleans!
By NADART Administrator on 12/23/2008
The National Automobile Dealers Association is holding its 92nd Convention and Expo in New Orleans, LA on January 24-27, 2009 and already there is a lot of buzz! Today’s economy is proving very difficult for our industry but with over 40 informative workshops at this year’s convention that advise you on how to keep your dealership profitable, manage your business wisely and help you to network with your peers, your business will continue to thrive despite economic hardships.
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Now Is the Time to Save More, Not Less
By NADART Administrator on 12/18/2008
While short-term circumstances may be telling you to curtail the amount of money you contribute to your retirement plan, this strategy can actually hurt you over the long term. That’s the conclusion of a recent article on the CNNMoney.com site. If you boost your contribution rate now, you’ll end up with a larger balance at retirement time than you would have otherwise. This strategy will also leave you in better shape if the financial markets continue to take a hit and your annual returns don’t materialize as expected.
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Rebuilding Your Retirement Savings
By NADART Administrator on 12/16/2008
The average investor has seen that the financial markets can be unpredictable to say the least. But even though certain elements of investing may be out of your control, there are steps you can take to mitigate the losses suffered as a result of the recent economic downturn, says a recent article in “Money Magazine”.
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