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 […]
On a Mission
Most businesses have a mission statement that guides them in their day-to-day responsibilities and directs their decision-making process. Think of it as how a business speaks to the purpose and understanding of what they do. Heartland Trust Company’s mission is “To provide a lifelong commitment to the well-being of those we serve.” It’s intended […]
Year-End Tax Planning
Adapted from Broadridge Investor Communication Services As the end of the year approaches, it’s time to consider strategies that could help you reduce your tax bill. But most tax tips, suggestions, and strategies are of little practical help without a good understanding of your current tax situation. This is particularly true for year-end planning. You […]
HTC Team News and Honors
Our team wrapped up our 2022-23 United Way Campaign with a great event featuring taco in a bag, a dunk tank and lots of laughs. Thanks to our brave dunk tank victims: Brian Halverson, Dustin Sobolik, Jana Samek, Jon Benson, Mary Fridgen, and Naomi Schempp! This fall, HTC team members enjoyed an old-fashioned picnic complete […]
