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The December 2014 edition of “Your Trusted Source” featured the following topics:
- As 2014 comes to a close and the New Year is upon us, we find it is the perfect time to reflect on the past year and the changes which occurred. Check out our recap of the year’s industry and company news.
- Public Employers - Don’t miss this! MO Governor Jay Nixon signed House Bill 1882 earlier this year which alters current administrative practices for Public Plans and changes the CE requirement for Board Members to 6 hours annually. Ekon, partnering with Husch Blackwell, is pleased to invite you to attend “Complying with H.B. 1882: Continuing Education for Missouri Public Pension Board Members”. This full-day seminar will satisfy the new continuing education requirement for Board Members and explain the requirements for Public Plans under H.B. 1882
- Proponents of actively managed funds often tout the ability to beat the market as a leading advantage over passive counterparts. This year, however, index funds outperformed actively managed funds. Investors may find their faith in the actively managed fund market wearing thin, but the educated investor will question this phenomenon, as well as its causes and longevity.
Check out the December “Your Trusted Source” for these topics and more.
Trying to find a previous “Your Trusted Source” newsletter? You’ll find it in our archive.
On October 23rd, the Internal Revenue Service, IRS, released the 2015 Cost of Living Adjustments, COLAs, which place dollar restrictions on 401(k) plans, pension plans, and other retirement savings vehicles. The prior day, the Social Security Administration, SSA, released a press release containing the 2015 COLAs for Social Security Benefits and Federal Insurance Contributions Act (FICA) tax used to fund Social Security and Medicare. The annual COLAs are based on the cost-of-living index. Many limitations will increase for 2015 because the increase in the cost-of-living index met the statutory thresholds, triggering an adjustment. The 2015 Cost of Living Adjustments are effective January 1, 2015.
Read “2015 Cost of Living Adjustments Announced” on our website to learn the 2015 COLAs pertinent to your plan and access a historical chart of Cost of Living Adjustments over the past five years.
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Ekon Benefits - Your Trusted Partner
Founded in St. Louis, Missouri in 1981, Ekon Benefits has been specializing in the administration and consulting of employer sponsored retirement plans for over 30 years.
We pride ourselves on providing timely, accurate retirement services that are comprehensive and customized to your needs. Our associates are knowledgeable and bring an average of more than 14 years of experience, with extensive experience in all types of qualified plans including Defined Benefit actuarial services, 401(k) recordkeeping and compliance, ESOP accounting, and 403(b) and 457 Plan administration.
The name Ekon Benefits unifies our service lines under a common name and message. Ekon, meaning trust in Polish, speaks to our founder’s ancestry, as well as our goal of being your trusted partner for retirement plan design, administration and consulting.
4940 Washington Boulevard
St. Louis, Missouri 63108
866-871-6356 toll free
Ekon Benefits, your Trusted Partner for Retirement Plan Administration and Consulting