by cpaadmin | Apr 15, 2025 | 401k Plan Audit, Regulations & Policies, Uncategorized
If you sponsor a 401(k) plan for your employees, you’ve probably heard talk about retirement plan audits. Maybe someone told you you’ll need one once you hit 100 participants… or was it 120? Eligible? Contributing? It’s confusing, we get it. The good news? You’re not...
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...
by cpaadmin | Oct 15, 2024 | 401k Auto-Enrollment, 401k Communication, 401k Compliance, Employee Addition, Regulations & Policies, Safe Harbor 401(k)
Autumn is well underway, and with it comes those seasonal tasks: Hire the neighborhood kid to rake fallen leaves… Check. Stock up on candy for Halloween trick-or-treaters… Check. Put together this year’s annual 401(k) plan notices… Check?! Consider this a gentle...
