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 […]
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 […]
HTC Team News and Honors
We have celebrated two promotions this year. Jana Samek was promoted to Vice President/Director of Retirement Services. Dustin Sobolik was promoted to Vice President/Director of Investments. Congratulations Jana and Dustin! HTC team members enjoyed a St. Patrick’s Day Crawl through our office to celebrate the March holiday. We enjoyed stops at: Heartland has some of […]
Meet Maureen Jelinek
Maureen Jelinek joined Heartland in December as our Executive Vice President / Chief Operating Officer. She has already become a cherished team member. She has extensive experiences in the financial industry – and you won’t want to miss her recipe for Green Enchilada Chicken Soup. Tell us about yourself. I am originally from Grand Forks. […]
A New Year
Last year was unique on many levels. The stock and bond markets had some of their worst years on record. Interest rates hit a 12-year high and the job market saw a lot of movement while unemployment remained low. It was a stressful and confusing year but, like all bad things, it came to an […]
HTC Team News and Honors
• Our team continues to grow. We are excited to announce the following promotions and new hires. Jana Samek was promoted to Director of Retirement Services. We recently welcomed two new employees to our team: Jennifer Schmidt, Administrative Associate-Personal Trusts; and Maureen Jelinek, Chief Operating Officer • We enjoyed participating in the 22nd annual Festival […]
Meet: Tim Rensch
Tim Rensch joined us in July as our Retirement Services Relationship Manager. He likes to spend time outside and read – and he’s already become a valuable part of our team. Tell us about yourself. I am a native of Garrison, North Dakota, and moved to Fargo in 1993 to start college at North Dakota […]
