Each year the IRS sets limits on the amount an individual can contribute (known as income they defer) through elective contributions to their retirement accounts. The limit applies to any 401(k), 403(b), SAR-SEPs, and SIMPLE-IRA plans, with the total contributions...
Ensure your company possesses the retirement plan enrollment processes, forms, standards, and records required to avoid costly penalties.
With the New Year right around the corner, now is a good time to review your retirement plan’s policies, procedures, and internal controls.
PBGC made several changes to the Final Rule issued on July 6, 2022. Learn about changes and benefits to retirement plans on the Watkins Ross blog.
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.
Save your company time and money by maintaining complete records of your retirement plan and maintaining these records for the life of your plan.
The US Department of Labor requires all employers follow a strict set of rules regarding retirement plan participant contributions to avoid costly errors.
Learn more about controlled groups, retirement plan rules, brother-sister controlled groups, and attribution rules in Watkins Ross’ latest article.
IRS has recently announced that employers with pre-approved defined contribution plans (401(k), profit sharing and money purchase) will need to have their plan documents rewritten within the next two years. The deadline to do so is July 31, 2022. IRS goes through this...
The number of new Cash Balance Plans continues to rise each year. Here are a few cash balance plan considerations as a popular retirement plan vehicle.