Tag: retirement plans

form 5500 not needed retirement plans
2020 Form 5500 Not Needed for Retroactively Adopted Retirement Plans

On August 6, 2021, the IRS announced that employers who in 2021 retroactively adopt a…

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House Committee Releases Tax Proposals
House Ways and Means Committee Releases Initial Tax Proposals

On September 13, 2021, the House Ways and Means Committee released draft legislation that proposes…

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401k plan meeting
401(k) Plan Restatements Required by July 2022

For defined contribution plans, the current restatement cycle will close on July 31, 2022, meaning…

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tax deduction workplace retirement plans
Boost Tax Deductions by Adopting a Workplace Retirement Plan

Employers who could use a federal income tax deduction for 2020 can consider retroactively adopting…

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audit communications sas 136
Audit Communications to Plan Sponsors Under SAS 136

SAS 136 will meaningfully change the employee benefit plan audit process for plan sponsors with…

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NQDC Plans
Navigating the Complexities of Nonqualified Deferred Compensation Plans

While NQDC plans are common among U.S. companies, some employers may not be aware of…

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DOL cybersecurity retirement
DOL Issues Cybersecurity Guidance for Retirement Plans

Earlier this year, the Department of Labor (DOL) outlined a range of practices for combatting…

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WealthManagement_MarketNews
Retirement Contribution Extensions, Tax Increases, and More Market-Related News This Week

Our team is monitoring deadline extensions, potential tax increases, and more market-related news that could…

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hardship distributions
Hardship Distributions: What Retirement Plan Sponsors Need to Know About Complying with Recent Changes

Retirement plan sponsors should review these recent changes related to hardship distributions to ensure compliance…

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SAS 136
Upcoming Changes to ERISA Benefit Plan Audits: What Plan Sponsors Need to Know

Plan sponsors should begin preparing for new standards related to ERISA employee benefit plans, including…

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