As of March 2020, the COVID-19 pandemic has made its impact throughout the United States. Not only has it had a significant effect to the economy, it has changed nearly every American’s way of life. It has most definitely made its mark on your organization, which may present serious financial difficulties for your employees. Given …
Continue reading “CARES Act & COVID-19 Insights for Retirement Plan Sponsors”
As of March 11, 2020, stock markets have entered a bear market, defined as a 20% decline from recent index highs. This is in large part due to the uncertainty surrounding the coronavirus, COVID-19. There certainly will be an economic impact, as growth slows due to quarantines, less consumer traffic and lower factory output, but …
Continue reading “Staying the Course – Coronavirus and Past Market Epidemics”
We are very pleased to announce that one of the retirement plan consultants at our firm, David M. Montgomery, has been named by the National Association of Plan Advisors (NAPA) to their 2020 Top 100 Retirement Plan Advisors Under 40 list, the “Aces”. Established in 2014, the list is drawn from nominations provided by NAPA …
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Several events can trigger a DOL or IRS audit, such as employee complaints or self-reporting under the annual submission of the Form 5500. Often times an audit is a random event, which is why you should always be prepared. Listed below are several key items typically requested in an initial letter sent by the IRS …
Starting in the late 1940’s, my father, William P. “Bill” Montgomery applied the tough lessons learned from a Great Depression childhood and World War II Marine Corps service to build a successful career in the group health insurance field. As I started my own career in 1977, Dad occasionally offered helpful suggestions, but much of …
Continue reading “Five Success Principles I Learned From My Father”
