Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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Employers Should Consider an NQDC Plan for Pre-Tax Make-Up Contributions
Trucker Huss Apr. 3, 2023 "[The] 'Rothification' of catch-up contributions was a revenue raiser to help balance other provisions within the budget bill containing SECURE 2.0.... [O]lder highly-paid executives who desire to save more for retirement would have to do so with after-tax contributions ... [An] NQDC plan can allow some or all of those executives to defer salary on a tax-deferred basis instead of through catch-up contributions ... Additionally, the NQDC plan does not have to limit deferrals to the catch-up amount ($7,500 in 2023)" |
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