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Plan Description
Global System Solutions, Inc. 401K Profit Sharing Plan is a defined contribution plan with a profit-sharing component and 401k feature. Global System Solutions, Inc. 401K Profit Sharing Plan currently has fewer than 100 active participants and over $2.7M in plan assets.
Plan Details
Plan Details Relevant details about the plan and the plan sponsor, including the address and industry of the plan sponsor and the size of the plan in assets and participants.
Plan data accurate as of 12/31/2018 Plan is exempt from the general requirement under Title I of ERISA requiring an independent audit.Address
8303 Nw 8th Way
Location
Boca Raton
, FL
33487
Industry
All Other Professional, Scientific, and Technical Services
“There is a lot of work that some clients should do right away—it’s actually imperative to address these issues in a timely fashion,” warns Jamie Hopkins at Carson Group.
January 13, 2020
exclusives
‘Stretch IRAs,’ Multigenerational Inheritance and the SECURE Act
Low and middle-income Americans struggling to save for retirement are depending on the U.S. Senate to pass the SECURE Act, advocates say. At present, one roadblock seems to the law’s treatment of “stretch IRAs.”
August 14, 2019
Compliance
What to Know and Do Now About the SECURE Act
The majority of the law’s provisions are effective for plan years beginning after 12/31/2019, so preparations should already be underway.
January 8, 2020
exclusives
Inheritance Pathways Exist to Replace Stretch IRAs
The SECURE Act is stalled in the U.S. Senate due in part to several lawmakers’ concerns that it does away with so-called “stretch IRAs,” but tax and inheritance experts say other effective tax mitigation strategies are available.
September 20, 2019
Compliance
Settlement Agreement Reached in Northrop Grumman 401(k) Case
Fund mismanagement, excessive recordkeeping fees and improper fees to Financial Engines were among allegations in the original complaint.
Boeing Offers a Near Perfect Retirement Plan ModelIn most respects Boeing’s retirement offering is a great model of how to run a large retirement plan. Participants in Boeing’s 401(k) plan are beneficiaries of a participant-friendly design with immediate access, automatic enrollment, immediate ves
by Jason Hull
