Schedule SSA Becomes Form 8955-SSA – Confused Yet?

Posted by Stacey Snyder, EBP Audit Intern With the recent change by the Department of Labor (DOL) to require electronic filing of the Form 5500 through EFAST2, a revision of Schedule SSA was inevitable, since the form includes personal information and is open to public disclosure. The new Form 8955-SSA is effective for reporting years starting in 2009. Form 8955-SSA … Continued

2012 Plan Limits

Posted by Maria T. Hurd, CPA Many of our qualified plan audit clients are inquiring about the 2012 limits, for purposes of updating their payroll software.   Below is a chart that outlines the recently announced cost-of-living adjustments affecting retirement plans:

Delinquent Filer Voluntary Compliance Program

Posted by Christopher J. Ciminera The extended filing deadline (October 15th) for the Form 5500 for calendar year plans is two months behind us now. I can’t believe how fast the filing season has come and gone. Wait…what…you haven’t filed your 5500? You extended your vacation? You were too busy thinking about the holidays? Now what? You’re probably asking if your 5500 can be … Continued

401(k) Plan Loans: A Gift That Could Keep on Taking

Posted by Maria T. Hurd, CPA As the holidays get closer, statistics show that more participants will borrow from their 401(k) plans in an effort to make the season a little bit merrier. This approach of taking from their retirement savings in order to give to others and spread some joy may satisfy a short term need, but participants should … Continued