401(k) & Retirement Services Newsletter July 2023

ML&R Wealth Management is a firm that understands that managing your assets is about more than money. It is about empowering your future. At ML&R Wealth Management, we focus on you. In this quarter's newsletter, we are featuring articles written by members of our team. Next, we have several timely and relevant articles from around the web we thought might be helpful to you.

Articles by ML&R Wealth Management Secure 2.0 and Catch-Up Contributions by Kim Matus, CPC, Retirement Plan Associate An Overview of 2023 RMD Rules by Julie Reinhardt, CPC, Retirement Plan Advisor All About Charitable Remainder Trusts (CRTS) by Vanessa McElwrath, CFP®, CPA, Wealth Management Partner Where Should I Be Investing My Cash Reserves? by Kira Scott, CFP®, Service Advisor

Helpful Articles from Around the Web Breaking Down SECURE Act 2.0: Plan Sponsor Considerations to Avoid a Long-Term Part-Time Mess --- Expanding access to retirement plans for the American workforce has been a recurring policy objective of federal pension reform at least as far back as the enactment of the Employee Retirement Income Security Act of 1974..Read More What Happens To The 401(K) Plan When A Company Is Sold? --- When a company that sponsors a 401(k) or other retirement plan sells the business, a call early in the process to the company’s ERISA attorney can help identify options and create a plan to address potential issues...Read More Defining Your Employee Benefits Strategy --- To meet expectations in the job market and to keep existing employees happy, employers should maximize spending on benefits while still keeping overall costs on budget...Read More The New Roth Catch-up Requirement Needs Clarification-What Are Plan Sponsors to Do? --- Beginning in 2024, SECURE 2.0 significantly changes the rules for catch-up contributions. Section 603 of SECURE 2.0 requires plans that permit catch-up contributions to accept catch-up contributions from participants who earned more than $145,000 in the prior year only on a Roth basis...Read More You Can Count On Me…But Check Your Math When Counting Participants for the 5500 Audit Rule! --- New rules may allow you to leave some employees out of the count, which could save you the expense of the annual audit....Read More

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Our Retirement Team:

Vanessa McElwrath Email | (512) 275-2716 Fred Frey Email | (512) 370-3251 Steve Harvey Email | (512) 370-3236 Carli Smith Email | (512) 370-3254

Pam Raffaele Email | (512) 370-3259 Julie Reinhardt Email | (512) 370-3268 Kim Matus Email | (512) 275-2744

Meet the Rest of Our Team

About Our Corporate Retirement & 401(k) Plan Services:

Our retirement plan services include specialized consulting and advisory services for tax‐qualified retirement plans, including 401(k), profit sharing, pension and cash balance plans. We design and manage tailored retirement plans that benefit business owners and their employees by an investment philosophy based on a long-term outlook and full transparency in pricing with no hidden fees.   We offer a better, next generation 401(k) plan for you and your employees, focused on giving you: Employees financially ready for retirement Confidence you have the support to manage regulatory compliance of your plan High quality investments managed professionally Transparency and benchmarking of the fees and value you receive Excellent service so you can focus on what you do best Click here to learn more.

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