The Commerce Company

Commco Comments is published to provide timely information updates for employers and retirement plan sponsors. The newsletter's purpose: to provide information about issues that may affect the administration of employer-sponsored retirement plans.

Quizzes

November 2021

Q: How much more can a 401(k) participant contribute in 2022 compared to 2021?

A: $1,000

May 2021

Q: T or F: Preapproved plan documents must be completely amended and restated every five years?

A: False. It must be done every six years.

March 2021

Q: Under the 2021 definition, an employer is considered small if they have no more than how many employees?

A: 500 or fewer

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