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.
Retirement Plan Check-up
read more
/ Tag:
Compliance
Defined Benefit Plan Compliance Calendar
A qualified retirement plan must meet various requirements throughout the year in order to retain the qualified status. If you are responsible for administering your company’s defined benefit plan, it’s critical to meet these deadlines. From making quarterly...
Defined Contribution Plan Compliance Calendar
Download the 2018 defined contribution plan compliance calendar to help you stay on top of your 401(k) plan deadlines this year.
IRS Electronic Media Guidance
The IRS Electronic media guidance methods may be used to deliver most plan information required under the Internal Revenue Code.
DOL Electronic Disclosure Guidance
The DOL Electronic Disclosure guidelines recognize two Safe Harbor methods in addition to two supplemental methods
Required Minimum Distributions From Defined Contribution Plans
Once you reach age 70 ½, the IRS requires you to take money out of your retirement account. This withdrawal is called a Required Minimum Distribution (RMD). Most people don’t give RMDs much thought until they have to take one. Required Beginning Date For defined...
Census Request & The Data Requested
It’s important to understand the census request and the data requested from your TPA to avoid inaccurate tests and potential penalties.
Have You Reviewed Your Fidelity Bond Coverage? Should You?
A Third Party Administrator (TPA) must collect plan information from Plan Sponsors each year in order to complete the valuation and required filings. Providing accurate information to your TPA is critical, but one area often overlooked is reporting accurate fidelity...
Have Your Clients Missed The PPA Restatement Deadline?
IF YES: WR CAN ASSIST YOUR CLIENTS IN CORRECTING THIS FAILURE! The deadline for your clients to restate their 401(k), profit sharing and money purchase plans onto a pre-approved PPA document was April 30, 2016. To ensure these plans stay qualified, WR can assist your...
Policies, Procedures & Internal Controls
With the New Year just beginning, now is a good time to review your policies, procedures and internal controls for your retirement plan. Having strong internal controls and documenting policies/procedures is important to ensure you are operating your plan properly; as...