As promised in our message last week, we are updating you on the new retirement plan related provisions that were signed into law on March 27, 2020 as a part of The CARES Act. Below is a brief description of the key CARES Act retirement plan related provisions.  ... Read More

Innovative Benefit Consultants (IBC) a third party retirement plan administration firm in Schaumburg, IL administering over 170 plans has merged with Blue Chip as of September 1, 2019. IBC owner Lois Browning has transitioned into the Vice President role with Blue Chip and brings over 25 years experience. ... Read More

The rules regarding hardship distributions from qualified plans are changing as a result of legislation signed into law in February 2018.  These changes are effective on the first day of the Plan Year that begins on or after January 1, 2019. Please see link for details.