A Message of Thanksgiving
In light of the global events surrounding us, it’s crucial to pause and contemplate the blessings in our lives. Looking back over the past year, I’ve found numerous reasons to be thankful. During the summer of 2022, Heartland Trust Company reached out to me about a new Chief Operating Officer position. I found the role […]
Courage
Courage is most often thought of in relation to tales of bravery and heroism. But courage is a trait that transcends all aspects of our personal and professional lives. It serves as a catalyst for growth, innovation, and transformation. It is a driving force that propels us to overcome obstacles, embrace change, and forge a […]
What’s a Required Minimum Distribution?
Required Minimum Distributions (RMDs) are amounts that the federal government requires you to withdraw annually from certain tax-deferred retirement accounts. These accounts are called tax-deferred for a reason. Participants accumulate earnings on their contributions tax-free over the years, postponing the payment of taxes, not eliminating them. The purpose of RMD rules is to have these […]
Estimating Your Retirement Income Needs
Adapted from Broadridge Communication Services You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you’ll need to fund your retirement. That’s not as easy as it sounds, because retirement planning is not an exact science. Every […]
HTC Team News and Honors
Team News and Honors This spring and summer have been full of celebrations for the HTC team. Amy Remmick (RS Operations and Compliance) and family celebrated their daughter Emily’s wedding in May. Jan Nelson (Trust Officer) celebrated her 60th birthday in May. To help celebrate, her family and friends gathered for an evening food […]
Meet Amy Remmick
Amy Remmick, Retirement Services Operations and Compliance, has been at HTC for two years. She enjoys going on new adventures with her family. And, she has a never-goes-wrong recipe to share. Tell us about yourself. Born and raised in north-central Wisconsin, we moved to Fargo in 1993 with our 2-year-old and 6-week-old daughters. We transferred […]
When Does a 401(k) Plan Require a Plan Audit
In 1974 Congress passed the Employee Retirement Income Security Act (ERISA) which governs 401(k) plans. It requires any private employer that establishes and maintains a 401(k) plan to meet certain standards in order to benefit from the tax advantages of the plan. One standard that must be met for larger plans is a plan audit. […]
Confidence in Strength
The recent news of Silicon Valley Bank (SVB) and Signature Bank failures should not be too surprising to anyone who understands the timelines and the ways they were conducting their business. SVB and Signature did not utilize proper risk management and had client bases that were concentrated in riskier industries such as venture capital financing […]
Saving for Retirement and a Child’s Education at the Same Time
Adapted from Broadridge Investor Communication Services Everyone wants to retire comfortably when the time comes. We may also want to help our children go to college. So how do you juggle the two? The truth is, saving for your retirement and your child’s education at the same time can be a challenge. If you make […]
The IT Crowd
In the modern world, personal information is an increasingly valuable asset. It is a key target for cybercriminals and hackers, who can use this information to commit identity theft, fraud, and other cybercrimes. With the rapid expansion of technology, most people now have access to computers in their workplaces. While these computers are essential for […]
