You don’t get to choose your family, and the same holds true with family attribution rules; but a company’s ownership is critical for accurate testing.
Attribution Rules – The Family Tree
read more
/ Category:
Retirement Plans
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.
Requirements For A Qualified Domestic Relations Order (QDRO)
It is imperative for a Qualified Domestic Relations Order (QDRO) to meet the various requirements before a benefit is paid out of the plan.
Retirement Plan Check-up
The best way to avoid long-running errors on your retirement plan is to complete a Retirement Plan Check-up twice a year; in the summer and winter.
Tax Reform Impact on Qualified Retirement Plans
The H.R. 1 tax act impacts the rules governing qualified retirement plans and fringe benefit plans. The new loan offset rules and the income inclusion and deduction rules for certain fringe benefits were both impacted. DrinkerBiddle’s recent Plan Sponsor Update (The...
New Loan Offset Rules
Beginning in 2018, the new law extends the 60-day rollover deadline to the participant’s tax return due date for the year the loan offset occurred.
2017 Census Request: What Do I Report To My TPA?
The 2017 Census Request provides critical information your TPA needs to calculate contributions and complete the valuation report for the retirement plan.
IRS Electronic Media Guidance
The IRS Electronic media guidance methods may be used to deliver most plan information required under the Internal Revenue Code.
Electronic Delivery of Participant Disclosure Materials
The DOL and the IRS have established guidelines when e-mail or other electronic delivery methods are used to distribute retirement plan information.
DOL Electronic Disclosure Guidance
The DOL Electronic Disclosure guidelines recognize two Safe Harbor methods in addition to two supplemental methods
Utilizing a Pre-Approved Plan
Many employers adopt a pre-approved plan for their employees’ retirement plan. Adopting a pre-approved plan means the IRS has already issued an opinion letter or advisory letter regarding the acceptability of the type of plan. There are different types of...