by Deanna Fisher | Nov 4, 2022 | Uncategorized
Deadline for CARES Act and SECURE Act Amendments Extended The original due date of the CARES Act and SECURE Act amendments for qualified plans, other than governmental plans, was the last day of the first plan year beginning on or after January 1, 2022, which means...
by Deanna Fisher | Nov 4, 2022 | Uncategorized
Save or Toss? Proper Plan Record Storage a Must! As the year comes to a close, you may wonder what plan records must be kept and what items can be tossed. Historical plan records may need to be produced for many reasons: an IRS audit, a DOL investigation or simply...
by Deanna Fisher | Nov 4, 2022 | Uncategorized
New Plan Year Checklist Each year, a great deal of attention is paid to the upcoming year end work: census gathering, compliance testing, 5500s, oh my! But the year-end also brings with it a host of items that may need attention before the year closes. Below are a few...
by Deanna Fisher | May 7, 2022 | Uncategorized
New Information on Participant Statements: Lifetime Income Illustrations If you sponsor a defined contribution retirement plan, the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 now requires additional information be provided to your plan...
by Deanna Fisher | May 7, 2022 | Uncategorized
Timing of Deposits 401(k)/403(b) Deferrals and Loan Repayments One of the questions asked by your TPA during the annual census collection may be whether your participant contributions and loan payments were transmitted within the Department of Labor (DOL) safe harbor...
by Deanna Fisher | Feb 1, 2022 | Uncategorized
2022 – An Ideal Time to Review Plan Design Each year, those in the retirement community collect, analyze and calculate data to ensure plan compliance with the laws that govern qualified retirement plans. The calendar of deadlines repeats each year, challenging plan...
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