When entering into a relationship such as marriage, there are immediate changes in one’s life. One of those is, of course, the requirement to consent.
Financial Accounting Standards Board
You may have asked yourself the title question after hearing ‘QNEC’ or ‘QMAC’ in a discussion related to ADP/ACP testing.
Failing to allow eligible employees to defer in an employee benefit plan can be very costly and result in plan disqualification.
Many of our retirement plan clients who receive a letter from the IRS indicating their plan is the lucky winner of the “You’ve Been Selected” contest […]
The 2013 plan limits were just released. Below is a chart that outlines the recently announced cost-of-living adjustments affecting retirement plans:
By Michael Mast, CPA – Underfunded defined benefit plans have always been a concern, but the Great Recession magnified the underfunded status of many plans.
Posted by Michelle J. Cross, CPA A court recently fined a plan sponsor over $35 million for breach of fiduciary trust by causing employees to pay excessive fees in their 401(k) accounts. You may be thinking to yourself, “Wow, they must have been stealing from the plan!” They weren’t. But they did do something wrong…they selected a more expensive mutual … Continued
Posted by Chris Ciminera Benjamin Franklin once said, “In this world nothing can be said to be certain, except death and taxes.” Another certainty that comes to mind is change, specifically, changes to the Financial Accounting Standards Board (FASB) Accounting Standards. Every year, accountants’ inboxes are inundated with various Accounting Standards Updates (or ASUs for short). These ASUs quickly become … Continued