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What Retirement Plan Sponsors Need to Know for 2021

What Retirement Plan Sponsors Need to Know for 2021

by cpaadmin | Dec 16, 2020 | Retirement Plan

Every industry was affected by COVID-19 this year, and retirement planning is no exception. The CARES Act and the SECURE Act in particular had such a significant impact that we’ll take an in-depth look at both of them in future posts. For now, as we move into the...
Hardship distributions will likely rise due to COVID-19. Here’s how to prepare for requests.

Hardship distributions will likely rise due to COVID-19. Here’s how to prepare for requests.

by cpaadmin | Jul 17, 2020 | Audit Procedures, hardship distributions

If your company offers a 401k plan in your benefits package, you already know that those funds should be kept out of reach until participants reach age 59½.  There are exceptions, however. Most 401k plans allow withdrawal before retirement age in cases of financial...

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