Recent articles brought to my attention the phrase “cat fishing” which means wishful thinking or realizing that something is not what you originally thought.
Yearly Archives: 2013
403(b) plans are known for the universal availability requirement. Everyone is encouraged to make salary deferral contributions, except for a few types of employees who can be excluded, as follows:
Posted by Saaib Uppal, CPA As discussed in one of our previous blog entries, the IRS updated its regulations in 2009 to allow for the reduction and/or the suspension of safe harbor non-elective contributions if certain situations are in play. But, what should be the course of action for the employer who wishes to reduce/suspend a safe harbor matching contribution? It … Continued
In my previous two blogs, I discussed qualified plan distribution options for my cousin Mike, my contemporary, and my Aunt Mary, a Baby Boomer.
In my previous blog, I discussed how my cousin Mike could receive a hardship distribution or a terminating distribution, even though he would not be able to avoid the early distribution penalty.
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 […]
My previous blog, Compensation: The Missing Link – Part 1, stressed the importance of ascertaining a solid link between the definition of compensation in the plan document and the one used operationally.
Compensation, you might think, should be easy to quantify. However, in a retirement plan, determining compensation can actually be quite complex.
Similar to ‘three strikes and you’re out’ in baseball, there is little opportunity in life to get multiple chances for a pardon.
With the fiscal cliff negotiations behind us and impending federal tax reform legislation, Congress will now turn its attention to the debt ceiling and federal spending.