630.886.7669

Archive

Don't get surprised at audit time. Stay compliant when handling the 401(k) or benefits plans of an acquired company.

Got M&A? Don’t forget to consider 401(k) plans in your merger or acquisition.

August 15, 2023

[caption id="attachment_677" align="aligncenter" width="640"] Photo by Edmond Dantès.[/caption] Don't get surprised at audit time. Stay compliant when handling the 401(k)[...]

What are Agreed-Upon Procedures, and when do you need them?

July 15, 2023

Don't require a full-scale audit? There's an alternative: agreed-upon procedures. In our last blog, we discussed changes to 401(k) audit requirements that mean many small[...]

A new DOL policy means you may not need an audit (here’s what you need to know)

June 15, 2023

Small businesses rejoice as a new Department of Labor rule means many may no longer be required to perform an annual 401(k) audit and submit their results on Form 5500 to stay[...]

changing payroll providers

You’ve changed payroll providers—Here’s what NOT to do to stay 401(k)-compliant

March 15, 2023

ADP, Gusto, Paychex, and the rest... they make payroll (and life) easier. Small businesses can save millions of dollars a year by forgoing an internal payroll department[...]

DOL cybersecurity recommendations (yep, they audit you on these too)

November 15, 2022

Cybersecurity: it’s another area businesses are spending more and more on. And yep, Department of Labor regulations mean you can get audited on it. It’s no surprise the[...]

Yes, terminated employees in your plan count toward the audit requirement

October 15, 2022

Terminating an employee is never easy, but can be necessary. When people leave your company—voluntarily or not—they take the value in their 401(k) plan with them to[...]

Auto-escalation, the right way

September 15, 2022

Auto-escalation is another way you can encourage investment in your 401(k) plan and help your employees put their money to work. With auto-escalation, employees’ 401(k)[...]

Uncommunicative employee? It’s YOUR problem

August 16, 2022

Things that “aren’t your problem” before the introduction of your 401(k) very much become your problem once you have a plan to administer–especially when reviewed in[...]

Auto-enrollment is awesome. Here’s what NOT to do

July 15, 2022

Auto-enrollment is great for your employees. It helps with one of the challenges we all face: inertia. Instead of slogging through a complicated process to enroll in[...]

Pros and cons of Safe Harbor matching contribution plans

June 24, 2022

To ensure 401(k) plans don’t unfairly prioritize senior executives, the IRS uses an annual test usually called ADP. The ADP test compares the average salary deferral[...]