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 […]
In my previous two blogs, I discussed qualified plan distribution options for my cousin Mike, my contemporary, and my Aunt Mary, a Baby Boomer.
I grew up in a small family, but my sister and I enjoy a large extended family that always gathers for every celebration, large or small. Being an accountant at these gatherings […]
Similar to ‘three strikes and you’re out’ in baseball, there is little opportunity in life to get multiple chances for a pardon.
Contrary to the retirement plan industry’s fears, the American Taxpayer Relief Act of 2012 (Act) did not reduce the contribution or compensation limits for retirement plans.
We are closing in on the New Year and just in time to help you meet your New Year’s resolution to meet all your deadlines, attached […]
Having a target in mind is always a helpful approach when attempting to guide oneself towards a particular finish line.
The 2013 plan limits were just released. Below is a chart that outlines the recently announced cost-of-living adjustments affecting retirement plans: