IR-2024-285, Nov. 1, 2024 WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2025 has increased to $23,500, up from $23,000 for 2024. The IRS today also issued technical guidance regarding all cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year… Read more

Mechanicsburg, Pennsylvania (November 05, 2024) – LeTort Trust, an independent trust company providing Qualified Retirement Plan Management and Family Wealth Management services, is excited to announce the promotion of Patricia Lauchle to Chief Financial Officer (CFO), effective November 1, 2024. Patricia joined LeTort Trust in 2019 as Personal Trust and Tax Officer, immediately making significant contributions… Read more

Harrisburg, PA April 10, 2024- LeTort Trust Foundation, formerly known as the Atgooth Foundation, proudly donated $25,000 to support phase two of the Bethesda Mission Community Center expansion project. Having supported phase one of the expansion with an initial donation of $25,000 in 2016, we were thrilled to witness the profound impact it had on… Read more

WASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023.The IRS today also issued technical guidance regarding all of the cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2024… Read more

Mechanicsburg, PA, (March 6, 2024)- This was a move intended to better align the business success with its charitable giving, LeTort Trust proudly announces the official name change of its charitable foundation from Atgooth Foundation to the LeTort Trust Foundation. The Atgooth Foundation was originally founded in 2011 as the charitable arm of LeTort Trust…. Read more

Mechanicsburg, PA (January 23, 2024) – LeTort Trust is pleased to announce the recent appointment of Aimee Hultzapple as Communications Manager. Aimee is responsible for overseeing the strategic planning of all our internal and external communications, including client communications, press releases, website administration, and the maintenance of the Financial Literacy program. She plays a key… Read more

Camp Hill, PA (September 7, 2023) – LeTort Trust is pleased to announce growth to our Operations Team through the recent additions of Tya Rumbel as Operations Specialist and Katrina Douglas as Client Concierge. Tya provides support to the Personal Trust department, focusing on essential functions such as client bill pay, distributions, and compiling documentation… Read more

Washington (August 25, 2023) – Today, the Internal Revenue Service announced an administrative transition period that extends until 2026 the new requirement that any catch-up contributions made by higher‑income participants in 401(k) and similar retirement plans must be designated as after-tax Roth contributions. At the same time, the IRS also clarified that plan participants who… Read more

The SECURE 2.0 legislation included in the $1.7 trillion appropriations bill passed late last year builds on changes established by the original Setting Every Community Up for Retirement Enhancement Act (SECURE 1.0) enacted in 2019. SECURE 2.0 includes significant changes to the rules that apply to required minimum distributions from IRAs and employer retirement plans…. Read more

Camp Hill, PA (August 23, 2022) – LeTort Trust was delighted to assist our friends at the Hampden Township Police Department with Backpack Project 2022 which will help get essential school supplies to students in need. Detective Redifer with the police department started this project, knowing first-hand, how important it is for kids to feel… Read more