Should We Suspend Employee Deferrals After a Hardship Withdrawal Going Forward?
The 401(k) and 403(b) experts at NESA Plan Consultants regularly receive questions from plan sponsors, financial advisors, CPAs, and other…
Roth IRA vs. Roth 401(k): What is the difference?
The 401k and 403(b) experts at Nesa Plan Consultants regularly receive questions from plan sponsors, financial advisors, CPAs, and other…
Will our 401(k) plan be required to perform CPA audit if we have more than 100 employees?
Background We are a growing business in Los Angeles with 90 employees, most of whom are 401k-eligible. Previously I worked…
Should 401(k) contributions be deducted from a departing employee’s accrued PTO and vacation payout?
Background We offer a lucrative 401(k) plan to our employees. Recently one of our employees, who was actively deferring into…
If we rehire employees, are they eligible immediately for the plan, or do they have to meet the eligibility conditions again?
Background We are a large 401(k) plan sponsor with over 1,000 participants in our plan. With the size of our…
Are we required to suspend employee contributions after a hardship withdrawal?
Background We are a 501(c)(3) nonprofit organization and sponsor a 403(b) plan. One of our employees just took a hardship…