by cpaadmin | Aug 16, 2022 | 401k Communication
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 light of irregularities or questions about your plan. It’s a matter of when, not if. Either it will be...
by cpaadmin | Jul 15, 2022 | 401k Auto-Enrollment
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 your 401(k), they know their money’s working for them from the start. That often makes a big...
by cpaadmin | Jun 24, 2022 | Safe Harbor 401(k)
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 percentages of highly compensated employees (HCEs) to others. The ADP of HCEs may not exceed that of...
by cpaadmin | May 15, 2022 | 401k Plan Audit
It may seem everything is going well with your pre-approved 401(k) plan. But are you on course for Cycle 3 restatement? Pre-approved plans are those sold to employers by qualified financial institutions or benefits providers. Approximately every six years, the IRS...
by cpaadmin | Apr 20, 2022 | 401k Compliance, Uncategorized
Today’s cloud-based business systems simplify and streamline processes like never before. They can help teams around the world collaborate as if they were just around the corner. But there’s a drawback: your technology can move faster than your compliance. A Japanese...
