Branding
In 2024, the goal is to move away from NAV and GVA. This is the new name that will be associated with the legacy Ameritas GVA products and services.
EliteAdvantage
The age 50 catch-up limit for both 2023 and 2024.
$7500
The employer will contribute 100% of the participant elective deferrals up to 3% of comp plus 50% of the deferrals that exceed 3% up to 5% of comp.
Safe Harbor Traditional Basic Match
The DOL is responsible for the enforcement of this section of ERISA.
Title 1
Client Form 5500s are prepared in this system.
FT Williams
In 2024, the goal is to move away from NAV and GVA. This is the new name that will be associated with the legacy BlueStar NAV products and services.
EliteUnlimited
The 2023 max comp limit.
$330,000
Only have $1000 in your account and terminated employment? Better make an election before this provision kicks in.
Automatic Force-Out
ERISA Section 412 tries to protect plans from losses caused by fraud or dishonesty by requiring this.
Fidelity Bond
In 2017 RP acquired a large book of GVA business from this company.
Guardian
The marketing plan for 2024 and beyond transitions sales from product selling to this.
Solution Selling
The 401(k)deferral limit only increased this amount between 2023 and 2024.
$500
New Year's resolutions and this may be why people quit their jobs in January.
Last Day Requirement
Plan sponsors may get a letter inviting them to participate in the VFCP if this is indicated on their 5500.
Late Contributions or Prohibited Transaction
This system, known and loved by all, got a facelift this year that allowed it to finally work in Chrome.
EXP AG
This Company structure is touted in many Ameritas marketing materials, stating that it allows us to focus on what's best for our customers.
Mutual Based Holding Company
Plan ahead to max out your deferrals for 2024 at this amount, which equates to approximately $885 per paycheck.
$23,000
Reaching 59 1/2 is exciting if you are wanting a penalty-free distribution to take a nice vacation to use up some accrued PTO, unless the plan doesn't allow for this.
In-Service Distributions
Small filers should certainly be willing to pay this DFVCP fee since the DOL penalties assessed can be up to $2,586 per day with no maximum limit.
$750
This Plan Services Team member submitted an audition tape for Survivor 2 back in the autumn of 2000, filmed by his/her Compliance Manager and teammates.
The Ameritas business descriptor that is included on materials whenever possible to increase audience awareness of the businesses Ameritas is in states Insurance, Employee Benefits, and this.
Financial Services
The HCE limit for 2024 is this much more than it was for 2022. That'd be a nice raise to get.
$20,000
Plan provisions may allow for this voluntary taxable event even if there is no loan provision or distributable event.
In-plan Roth Transfer
Any individual who willfully violates any provision of Part 1 of Title I of ERISA can be fined up to $100,000 and/or imprisoned up to this many years.
10
This website offers free webinars eligible for ASPPA CE that often feature Darrin Watson and Ilene Ferenczy.