by Taylor Brown | Aug 25, 2009 | Uncategorized
Plan Distributions Are on the Rise The primary goal of a retirement plan is to accumulate savings to provide income after retirement. Most plans also allow distributions before retirement age for a number of circumstances, including termination of employment and...
by Taylor Brown | Aug 25, 2009 | Uncategorized
Voluntary Corrections for Qualified Plans Given the complex nature of administering qualified retirement plans in accordance with ever-changing pension law, mistakes are inevitable. When the IRS discovers plan mistakes through audit, the plan risks being disqualified...
by Taylor Brown | Jun 25, 2009 | Uncategorized
ERISA Fiduciary Responsibilities Are you a fiduciary of your company’s retirement plan? If you’re not sure, it’s time to find out because if you are a fiduciary, it is important to know exactly what your responsibilities are. The Employee Retirement...
by Taylor Brown | Apr 25, 2009 | Uncategorized
Layoffs Can Result in a Partial Plan Termination Requiring 100% Vesting With the current economic conditions, many companies have been forced to downsize either by laying off a portion of the workforce or closing a plant or line of business. These layoffs can have an...
by Taylor Brown | Feb 25, 2009 | Uncategorized
Payment Options for Plan Expenses Qualified retirement plans provide tax deductible benefits for employers and employees, as well as an opportunity for significant savings for the post-retirement years. But these plans require adherence to numerous governmental...
by Taylor Brown | Dec 25, 2008 | Uncategorized
2009 IRS and Social Security Annual Limitations Each year the U.S. government adjusts the limits for qualified plans and social security to reflect cost of living adjustments and changes in the law. Many of these limits are based on the “plan year.” The...
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