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Nick Stucko
Nick Stucko's Article
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Retirement Plan Access & Fraud Prevention Considerations

As a significant investment for many Americans, retirement plan assets are an attractive target for cyber hackers globally. In today’s highly digitized/online environment there are ample opportunities for cyber crooks. Plan participants need to take common sense measures to safeguard their accounts. Plan sponsors now face the dual challenge of providing online access to participants’ retirement plans while keeping their information secure. Implementing and maintaining a proactive cybersecurity strategy is key for both parties.
April 10, 2024 By Nick Stucko Education   Comments Read More >>
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Investment Menus & Fiduciary Considerations

Plan Sponsors have a fiduciary duty to select and monitor investments in a retirement plan. Ensuring that an investment menu is cost efficient and appropriate for the given employee population is a large component of this responsibility. The wide array of available investment options and complex fiduciary requirements can make this challenging. In particular, it may be difficult to determine whether adding a new trending asset class makes sense for a retirement plan and its participants, or whether it is more prudent to steer clear.
April 10, 2024 By Nick Stucko Education, Thought Leadership   Comments Read More >>
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The HSA - A Valuable Retirement Planning Tool

Employees may know that a health savings account (HSA) is a helpful way to pay for qualified medical expenses. What employees may not know is that an HSA offers benefits that go beyond this feature. An HSA can be used as a long-term savings vehicle to help boost retirement savings in a tax-efficient way and serve as a powerful complement to an employer-sponsored retirement plan or IRA. While each account type serves different purposes, together they can be valuable tools to maximize participants’ income in retirement.
April 10, 2024 By Nick Stucko Education   Comments Read More >>
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Legislative Highlight - IRS Publishes 2023 Cumulative List of Changes in Plan Qualification Requirements for Defined Contribution Qualified Pre-Approved Plans

The Internal Revenue Service (IRS) published Notice 2024-03 on December 20, 2023, which includes the 2023 list of changes in plan qualification requirements for defined contribution qualified pre-approved plans. The 2023 Cumulative List will assist providers applying to the IRS for opinion letters for the fourth remedial amendment cycle for defined contribution qualified pre-approved plans (Cycle 4) under the IRS’s pre-approved plan program.
March 6, 2024 By Nick Stucko Education, SECURE 2.0 Act   Comments Read More >>
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ERISA Workplace Retirement Plan Limits

The federal government annually publishes updated qualified retirement plan limits, which impact the contributions, benefit accruals, and compliance of ERISA covered qualified retirement plans. The below tables summarize the most significant changes in recent history.