How do you Maximize Contributions to your Plan with a Triple Stack Match?
In my previous blog, “How to Order a Triple Stack Match for your Plan,” I discussed the basics of the triple stack match formula.
Almost There – Part II
In my last blog, Almost There: Moving Closer to the New EBP Audit Standard , I gave a brief background on what led to SAS 13X – Statement on Auditing Standards Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA (“Final Balloted Draft”) and its proposed changes to the audit report.
Almost There: Moving Closer to the New EBP Audit Standard
The Auditing Standards Board (ASB) has released a Final Balloted Draft of Statement on Auditing Standards, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA ( Final Balloted Draft).
Did You Hear that the IRS made Hardship Distributions “a Little Less Hard”?
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).
IRS Announces Increases on Benefits and Contributions Dollar Limitations
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:
All Good Things Come to an End: A Tale of Significant Changes in VCP Fees Affecting Small Benefit Plans
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.
Shouldn’t That Error be Considered Immaterial, even De Minimis?
When auditors identify operational errors, clients and service providers often ask whether we can ignore them since they are immaterial to the financial statements.
Avoiding the Curveball of a Taxable 401(k) Loan under New Law
The Tax Cuts and Jobs Act (Tax Act) resulted in major changes to the US income tax code.
Hardship Distributions Made Easier Under New Budget Act
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.
The Big Difference between Form 5500 Filing Requirements for Welfare and Retirement Plans
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.