New legislation permits tax-free employer contributions towards student loans for five years. Highlights Employers are permitted to make tax-free contributions of up to $5,250 per employee annually toward eligible education expenses, including … [Read more...]
Your retirement plan could be your company’s best asset
How can your retirement plan work for you? Aside from saving for your own retirement, that is... Retirement plans shouldn’t be a one size fits all approach. It should be a strategic tool that helps plan sponsors achieve their business goals. Just … [Read more...]
Financially stressed employees hurting your bottom line?
ARE FINANCIALLY STRESSED EMPLOYEES IMPACTING YOUR BOTTOM LINE? Did you know that your employees may have financial stress that is impacting your bottom line? According to a national study1, up to 30% of employees report that personal financial … [Read more...]
New! Virtual Retirement Account Reviews
The Trust Company of Tennessee is excited to announce a new complimentary resource for plan participants seeking advice on their retirement plan and other retirement planning topics. A Client Specialist is available to provide Virtual Retirement … [Read more...]
The CARES Act: How does it affect retirement plans and IRAs?
On Friday, March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES), which President Trump signed into law. This act will provide significant relief to both individuals and businesses as they manage the current … [Read more...]
2020 compliance updates
The SECURE Act – How does it affect Retirement Plans?
The SECURE (Setting Every Community Up for Retirement Enhancement) ACT is a bi-partisan bill that is intended to expand retirement plan coverage to more workers, reduce hurdles for saving, and acknowledges that employees are working and living … [Read more...]