Sentinel Pension | December Newsletter

 
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Next Year's Resolution:

Get your retirement plan in shape!

This resolution has a greater return than the latest fad diet because who really wants to give up carbs?

4 New Year's Resolutions to Be a Better Plan Sponsor:

  1. Review plan document provisions to ensure the plan is being operated correctly.

  2. Be educated (read below on our Retirement Plan University) and also educate your employees.

  3. Review investment performance and fees with financial advisor.

  4. Create a fiduciary folder with important deadlines and action items.

If you would like more guidance and a plan to make your retirement plan the best it can be, please contact Melissa or Carley to schedule a complimentary review. 


Recent Topics of Interest

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Withholding Employee Contributions on Irregular Pay (Bonuses)

It’s the most wonderful time of the year…for bonuses! We have received numerous inquires on how to handle irregular pay, so we would like to shed some light on whether or not employers should withhold employee contributions on bonuses. Unfortunately, there isn’t a straight forward answer to this as it largely depends on your Plan Document and how the employer implements this Administrative Procedure, but we are glad to share some insight and direct you to the correct solution for your Plan. 

>>Read More



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Can Your Retirement Plan Help You Receive the Full Benefit of the New QBI Deduction?

Business owners may have been excited to hear about the new Qualified Business Deduction included in the 2017 Tax Cuts and Jobs Act, but then disappointed when they continued reading and discovered the limitations, especially the income limits associated with “specified service businesses.” Good news: your retirement plan contribution might be able to help! 

We welcome the opportunity to talk through your own situation, so please give our Sentinel Team a call at (225) 300-8478.  


Retirement Plan University: Coming in 2019!

We are excited to offer Retirement Plan University in the upcoming year! Be on the lookout for dates and details of upcoming sessions. These courses will share insights catering to plan sponsors, business owners, and CPAs.


Get to know: Jennifer Wiczynski, ERPA, CPC

A Strategic Partner at Sentinel Pension

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Jennifer joined the Sentinel team in May of 2017 and brings more than a decade of experience in the retirement plan industry. She is an Enrolled Retirement Plan Agent with ASPPA designations that include CPC, QPA, QKA, and TGPC. She is also an ASPPA subject matter expert on non-qualified plans and is currently on the editorial committee for ASPPA's Plan Consultant publication.

As a strategic partner within Sentinel, Jennifer handles a variety of services, including: customized plan design for Cash Balance, Non-qualified, 403(b) plans. Additionally, her experience in working with the IRS, DOL and PBGC allows her to assist clients through their audits and when filing specified corrections programs for plan errors. She is also extremely well versed in dealing with complex company transactions such as mergers and acquisitions. 

When she is not diligently working to make clients lives easier, Jennifer is trying to survive law school. She enjoys spending time with her dog, Kismet, hiking and reading.


Sentinel Staff Spotlight

Recent staff adventures outside the office.

 
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Carley Cryer