Art of the Qualified Plan Audit

The IRS is striving to make the process of taking hardship distributions “a little less hard” through proposed regulation issued on November 14th, 2018, ushered by the Bipartisan Budget Act of 2018 (BBA).

The IRS has announced  cost-of-living adjustments that should be noted for retirement planning purposes.

Below is a chart that outlines employee benefit plan limits for 2019:

In the 14th century epic poem the Troilus and Criseyde, Geoffrey Chaucer portrays a tragic love tale between Troilus, a Trojan warrior, and Criseyde, the daughter of a Greek fortuneteller.

When auditors identify operational errors, clients and service providers often ask whether we can ignore them since they are immaterial to the financial statements. 

The Tax Cuts and Jobs Act (Tax Act) resulted in major changes to the US income tax code.

There has been a lot of talk about changes brought by the Tax Cuts and Jobs Act (Tax Act) that President Trump signed last December.

In “The DOL can use large retirement plan filings to uncover missing welfare plan filings”, we discussed the importance of plan sponsors not forgetting to file a Form 5500 for their health and welfare plans when filing the annual Form 5500 for their retirement plan.

I recently heard a discussion about variances on how people pronounce certain words.

With the October 15th deadline in the past and a majority of Form 5500s having been filed, many plan sponsors, auditors, and third-party administrators have breathed a sigh of relief.

Our recent blog “So You Are Changing Jobs…Are You Forgetting Something?” urged people to consider a rollover of their retirement accounts when joining a new employer plan