Ensure your 401k retirement plan allows your employees to save the maximum amount allowed by understanding and utilizing ADP/ACP testing.
Choosing the right retirement plan for your employees can be a challenge. From navigating contrasting rules and regulations pertaining to various types of retirement plans to determining which type of retirement plans best suit the unique needs of your employees, small businesses and large corporations alike have a plethora of important decisions to make when it comes to retirement plan selection. The experienced retirement plan team at Watkins Ross understands these challenges, regulations, and decisions. We expertly help you navigate your retirement plan options so you can choose the perfect retirement plan for your business’s specific needs. Explore our collection of retirement plan articles on the Watkins Ross blog to learn more about the various types of retirement plans available for business owners like you, including 401(k), 403(b), 457 plans, cash balance retirement plans, defined benefit retirement plans, ESOP, profit sharing, non-qualified retirement plans, and multi-employer retirement plans. Not finding the retirement plan information you need? Connect with us here to learn more about Watkins Ross retirement plan design and administration services.
401(k) Plan Nondiscrimination Testing
Avoid penalties and fees by ensuring your retirement plan meets IRS 401k plan nondiscrimination test requirements.
Retirement Plan Enrollment Best Practices
Ensure your company possesses the retirement plan enrollment processes, forms, standards, and records required to avoid costly penalties.
Retirement Plan Procedures, Practices, and Internal Controls
With the New Year right around the corner, now is a good time to review your retirement plan’s policies, procedures, and internal controls.
The Importance of Maintaining Retirement Beneficiary Forms
It’s essential plan sponsors provide retirement beneficiary forms when enrolling a new employee in a retirement plan. Learn more on the Watkins Ross blog.
What Is a Top-Heavy Retirement Plan?
What is a top heavy retirement plan and which action steps must be taken to stay IRS-compliant? Learn more on the Watkins Ross blog.
The New IRS Pre-Examination Retirement Plan Compliance Program
Can a new IRS pre-examination retirement plan pilot program assist your business? Learn more about program requirements on the Watkins Ross blog.
Maintaining Retirement Plan and Participant Records: Who’s Responsible and for How Long?
Save your company time and money by maintaining complete records of your retirement plan and maintaining these records for the life of your plan.
IRS Update – Retirement Plan Documentation Deadline
The IRS retirement plan documentation deadline is fast approaching. Read more about your retirement plan liability on the Watkins Ross blog.
Processing Retirement Plan Participant Contributions
The US Department of Labor requires all employers follow a strict set of rules regarding retirement plan participant contributions to avoid costly errors.