Employee Benefits Compliance Alert: October/November 2020
Upcoming compliance deadlines: 10/1 First day to distribute qualified default investment alternative (QDIA), safe harbor and automatic contribution arrangement annual [...]
New electronic plan document disclosure rules in effect
New electronic plan document disclosure rules in effect Long-awaited updated Department of Labor (DOL) regulations governing electronic delivery of plan [...]
IRS issues additional CARES Act guidance
IRS issues additional CARES Act guidance The Coronavirus Aid, Relief, and Economic Security (CARES) Act eliminates penalties and provides opportunities [...]
Should you suspend matching or nondiscretionary contributions?
Employer contributions to participant 401(k) plan accounts are typically high on the list of expense-cutting options when times are tough. [...]
How to handle laid off employees’ 401(k) accounts still in your plan
When your employee headcount is growing, a little turnover now and then usually doesn’t create a lot of concerns about [...]
Safe Harbor 401(k) Plans
Safe Harbor 401(k) plans are the most popular type of 401(k) used by small businesses today. Here's a great 3 minute video you don't want to miss.
CARES Act Balancing Act – Helping Employees Recoup Retirement Savings
The Coronavirus Aid, Relief, and Economic Security (CARES) Act’s retirement plan provisions are designed to throw a financial lifeline to [...]
Don’t Let Employee Tip Income Trip You Up
While 2020 hasn’t been kind to tipped employees during the COVID-19 pandemic, employees with substantial tip income can pose an [...]
Compliance Alert
Upcoming Compliance Deadlines: 9/15 Extended deadline for S corporation tax returns (IRS Form 1120S) 9/15 Extended deadline for partnership [...]
Is it Time for a Collective Investment Trust?
Is it time for a collective investment trust? A collective investment trust (CIT) is a type of trust winning the [...]