IRS-Required 401(k) Plan Restatements: Deadline is July 31, 2022
About every six years, the Internal Revenue Service (IRS) mandates businesses and organizations with qualified, pre-approved plans to restate (or…
401(k) and 403(b) Plans: The Importance & Benefits of Offering Employer Match
Beyond being a remarkably attractive employee benefit in today’s hot job market, a 401(k) or 403(b) plan can incentivize employees…
401(k) & 403(b) Plans: 8 Red Flags That Could Trigger a DOL or IRS Audit
For most Americans, any letter from the Internal Revenue Service (IRS) or Department of Labor (DOL) sparks fear, especially a…
Non-Governmental Tax-Exempt Organizations: 401(k) or 403(b) Plan?
Whether you’re a plan sponsor, financial advisor or CPA, or other service provider in the industry, we know that there…
Three Things That Separate a Great TPA from a Good TPA
The name “Third-Party Administrator” (TPA) does not precisely express the job. Instead, a more suitable phrase would be “Retirement Plan…
401(k) and 403(b) Plans: Rules for Returning Furloughed or Laid Off Employees
As the impact of the pandemic subsides, business and organizations have begun a phased reopening in compliance with state and…
Retirement Plans: Should 10% Early Withdrawal Penalty Be Removed?
What’s one big obstacle that discourages younger people from tapping into their 401(k) or 403(b) accounts before retirement? You guessed…
SECURE Act Revisited: Qualified Birth or Adoption Withdrawal
Key Takeaways SECURE Act allows employees to withdraw up to $5,000 for birth or adoption of a child Employees can…
What Makes a Great 401(k) or 403(b) Plan?
A retirement plan is one of the most important benefits that businesses or organizations provide to their employees. As the…
CARES Act Retirement Plan Relief is Ending: What Plan Sponsors Should Know (and Do) to Prepare
Signed into law in March 2020 (oh, how time flies!), the CARES (Coronavirus Aid, Relief, and Economic Security) Act provided…