by cpaadmin | Mar 15, 2025 | Regulations & Policies, SECURE Act
The big SECURE Act 2.0 changes mandated for 401(k) plans are still rolling out—and 2025 is no exception. With new rules around auto-enrollment, catch-up contributions, and long-term part-time employee eligibility, as a plan sponsor, you’ll need to be prepared to show...
by cpaadmin | Feb 15, 2025 | 401k Compliance Error, 401k Plan Mistakes, Audit Insights, Eligible compensation discrepancies
With 2024’s audit season a none-too-distant memory, it’s time to look back at the top 3 errors on 401(k) plan audits we saw our clients make last year… So you can prevent them from showing up during your next benefits plan audit! Since we specialize in 401(k) plan...
by cpaadmin | Jan 15, 2025 | 401k Plan Audit Documentation, Record Retention, Regulations & Policies
Updating your payroll procedures for paperless, electronic documents? Good. Improperly retaining said documents, putting you out of compliance with federal policy and regulation? Bad. In short, are you retaining your digitally signed payroll Form I-9 correctly? Here’s...
by cpaadmin | Dec 15, 2024 | 401k Compliance
So, what is a SOC report? Many plan sponsors of 401(k) and other benefit plans outsource critical plan tasks to outside service providers or vendors like payroll servicers, third-party administrators, and recordkeepers. This makes you the customer, or to use the...
by cpaadmin | Nov 15, 2024 | 401k Compliance, 401k Plan Audit Documentation, Audit Deadlines
“It’s the most wonderful time of the year…” Frozen turkeys go on sale, holiday carols fill the airwaves… and retirement plan sponsors check off those year-end 401(k) plan tasks to stay compliant. (That’s what you were thinking, too, right?) Because by the end of the...
