[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)[...]
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[...]
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[...]
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[...]
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[...]
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 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)[...]
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 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[...]
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[...]
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