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5 Characteristics of a Good 401(k) Plan
May 10, 2011
For much of America, 401(k) plans have increasingly become the retirement savings plan of choice.
Complying with Your Plan Document, Part 3
Apr 26, 2011
We've reviewed seven questions the IRS recommends you ask yourself to help reduce the time it takes to complete your plan audit and may help lower some of your compliance fees. Here are the final three questions.
Complying with Your Plan Document, Part 2
Apr 12, 2011
A couple of weeks ago, we went through four questions you could ask yourself that would help reduce the time it takes to complete your plan audit and may lower some of your compliance fees. Here are three more questions.
Complying with Your Plan Document, Part 1
Mar 29, 2011
Every year your employee benefit plan must be in compliance with a myriad of regulations from the DOL and IRS. As a result, it is critical that you review annually the operating requirements for your 401(k) plan. Reflecting on these questions from the IRS and acting as necessary can help reduce the time it takes to complete the audit and may even save you in compliance fees.
Preparing for an Audit
Mar 15, 2011
It's Spring Break, which means the time for auditing 401(k) plans will soon be here. If you haven't already scheduled the audit of your company's 401(k) plan, you soon will be. Form 5500s are due by the seventh month following the plan year end, i.e. if December is the year end for your plan, you must file your Form 5500 by July 31. Though an extension of 2 1/2 months is available, you should begin planning for your audit now to avoid the steep IRS penalties for filing late.
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