This is the first of a series of three articles designed to inform our readers of the significance of the so-called “coverage rules” and “minimum participation rules” applicable to qualified retirement plans. In this article we will explain the basic ...
[Read more] about Coverage Rules for 401(k)’s And Other Qualified Pension Plans – Part 1. Nondiscrimination Rules
Retirement Plans Blog
The Delinquent Filer Voluntary Compliance Program – Over-the-Counter Relief
In 1995, the Department of Labor (DOL) established its Delinquent Filer Voluntary Compliance (DFVC) Program to enable plan sponsors to file all the appropriate returns and to pay reduced penalties.
If you have an employee benefit plan for which an ...
[Read more] about The Delinquent Filer Voluntary Compliance Program – Over-the-Counter Relief
Controlled Group or Affiliated Service Group? What That Means for Your 401(k) Plan Compliance
If you’ve recently discovered your business may be part of a Controlled Group (CG) or an Affiliated Service Group (ASG)—or assumed you weren’t and got it wrong—your 401(k) plan could face significant compliance issues.
This misstep isn’t just a ...
[Read more] about Controlled Group or Affiliated Service Group? What That Means for Your 401(k) Plan Compliance
Form 5500: The Role of the Accountant and the Audit Report
What is an accountant's role in your annual return/report (Form 5500)? Conventional wisdom says that accountants or auditors have an integral role to play in the preparation of the annual report for employee benefit plans, from both a financial and a ...
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SIMPLE 401(k) Versus a Safe Harbor 401(k): The Pros and Cons for Your Small Business
Choosing the right retirement plan for your small business is crucial for attracting and retaining talent while ensuring compliance with IRS regulations. Two plans that may be options for small businesses are the SIMPLE 401(k) plan and the safe ...
[Read more] about SIMPLE 401(k) Versus a Safe Harbor 401(k): The Pros and Cons for Your Small Business
ERISA Section 510 Claims
ERISA section 510 makes it unlawful for any person to discharge, fine, suspend, expel, discipline, or discriminate against a participant or beneficiary for exercising any right to which he is entitled or may become entitled under an ERISA plan. ...
[Read more] about ERISA Section 510 Claims