Art of the Qualified Plan Audit

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 … 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.

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 […]

When the Department of Labor (DOL) made filing changes for Form 5500, it resulted in the revision of Form 8955-SSA. The revision also required that the form must now be filed with the IRS.

Having a target in mind is always a helpful approach when attempting to guide oneself towards a particular finish line.