by cpaadmin | Nov 15, 2023 | 401k Plan Audit, 5500, Regulations & Policies
If your 401(k) plan is close to hitting “large” by DOL rules at the start of your plan year, the 80/120 rule could save you time and money. It happens. You begin a new plan year, and suddenly, you’re now a “large” 401(k) plan by Department of Labor standards....
by cpaadmin | Jan 14, 2023 | Audit Deadlines
Everyone procrastinates. That’s especially true now, when just about everyone is short-staffed. When it comes to your 401(k) audit, the sooner you start, the better. Think of it like planning a trip. Here in Chicagoland, the Eisenhower is notorious for its rush hour...
by cpaadmin | Aug 18, 2020 | Audit Deadlines, Audit Procedures
Fall is an especially busy time in the world of 401k plan administration. If you aren’t prepared for it, the sheer volume of work can take you by surprise. You’ll want to stay on top of several reporting requirements, tax forms, employee notices, and deadlines. Here...