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I am excited and proud to announce that EIP Corp. is now a third generation business. My son, Jordan Barash, joined our company on 7/1. Jordan is a graduate of the University of Kansas, and he received his Juris Doctorate from the University of South Dakota School of Law. After law school, Jordan went to work for UMB Bank as a Trust Advisor. After several years at UMB, Jordan spent the last 2 years as a Trust Administration Advisor at Truist Bank.

My dad, Ed Barash, founded EIP in 1973 and grew it into a hugely successful firm. I was lucky enough to join him in 2003 after receiving my Juris Doctorate and working at different bank trust departments. If one of Jordan’s two kids applies to law school in about 18 years, odds are pretty good that they will eventually want to join us too! My dad is still hanging around as evidenced by his self-proclaimed title here, “SHA.” And I also have no plans to leave any time soon. We are thrilled by the opportunity to work with each other!

We are in a unique position with our company. Many of our competitors are being acquired by bigger regional and national firms. A lot of plan sponsors would prefer to work with family-owned firms like ours, which is one reason why we have decided to remain independent. We have grown organically over 53 years, even more since we brought in Casey McCarthy as our Director of Business Development over 5 years ago. We are up to 16 employees and will continue to add to our staff to maintain the high level of service that our clients and advisors have come to expect.

We look forward to introducing Jordan to all of you over the next few months! 

Cory Barash, J.D., President

The IRS updated the qualified retirement plan limits for 2026.  The maximum contribution, when adding employee deferrals and employer contributions, increased to $72,000 (or $80,000 for anyone age 50 or older).  For a full explanation, please click on the “Plan Limits” tab of our website. If you have any questions regarding the plan limits or your plan design, please don’t hesitate to contact us.

We are excited to announce that we moved our office to a new location on 8/1/25. We enjoyed our time at Commerce Plaza, and have grown significantly since we moved in 16 years ago, but we found a space that is more functional for our team of administrators and staff. We are looking forward to our new workstations and a much more modern feel to the office too!

Our new address is:

EIP Corp.
7400 W 132^nd St, Ste 100
Overland Park, KS 66213

Please feel free to visit us anytime!

You can now pay your invoice online! Click the link below to pay by credit card or e-check: 

Pay EIP Corp. Invoice

The IRS updated the qualified retirement plan limits for 2025.  The maximum contribution, when adding employee deferrals and employer contributions, increased to $70,000 (or $77,500 for anyone age 50 or older).  For a full explanation, please click on the “Plan Limits” tab of our website. If you have any questions regarding the plan limits or your plan design, please don’t hesitate to contact us.

At EIP Corp., we believe in the power of giving back. Our team recently spent a day participating in a team-building philanthropy project, supporting Operation Breakthrough. This year, we shopped for Christmas gifts for 10 children, and we’re excited to deliver them to families next week. Together, we’re spreading joy and making a difference in our community!

Believe it or not, it’s been a year and a half since the SECURE 2.0 Act was passed. As a reminder, there were over 90 provisions in the Act relating to retirement plans. Many of the provisions either apply to adopting new plans or are not relevant to most of our clients. The effective dates for all the provisions were staggered over several years. And, yes, we are still waiting for IRS and DOL guidance on many of the provisions, including some that are already supposed to be effective. We will continue to update you as more provisions become effective and as additional guidance is provided.

In the meantime, here is a summary of some of the more important provisions that are applicable to most of our clients, and that are effective this year, or in 2025, or in 2026.

2024

Mandatory Cash Outs: The mandatory cash out limit increased from $5,000 to $7,000. Any terminated participant with a balance below $7,000 can be forced to take a distribution.

RMD’s for Roth 401(k): Participants are no longer forced to take a Required Minimum Distribution from any Roth portion of the plan.

Employer match of student loan payments: This is an optional provision that allows employers to make matching contributions into the 401(k) plan for employee repayments made on qualified student loans for higher education.

2025

Catch-up Contribution Increases: The catch-up contribution limit for any participant aged 60, 61, 62 or 63 before the close of 2025 will increase to the greater of $10,000 or 50% more than the regular catch-up limit, as indexed, in 2025. The amounts will continue to be indexed for inflation after 2025.

Long-Term Part-Time Employees: All employees who have worked for at least 2 consecutive years of 500 hours must be given the opportunity to make employee contributions to the plan. If not otherwise eligible, they would still not be included in any employer contributions.

2026

Roth catch up: This was supposed to be effective in 2023, but now it won’t be until 2026. All catch-up contributions for participants earning more than $145,000, indexed for inflation, will be required to be treated as Roth contributions.

Effective now, but still waiting for recordkeeping platform system updates

Treatment of employer contributions as Roth: The IRS did finally issue guidance on this provision, and now the recordkeeping platforms need to update their systems to comply with the new rule. Once that happens, employees will have the option to take any employer contribution and treat it as a Roth contribution. This provision will be optional for plan sponsors.

Please don’t hesitate to reach out with any questions. Thanks!

Check out this brief article on the importance of the Advisor-TPA partnership.

https://pensionpro.com/news-and-events/better-together/?ct=t(PPOM_Feb_COPY_01)