What’s been going on in the retirement & health plan fields? Here we’ll discuss the latest information & best practices for managing your plans.
If you administer Defined Contribution (DC) Plans, like a 401(k), you’re likely familiar with the rigorous compliance tests associated. One of the key jobs of compliance testing is to ensure your plan is not unfairly favoring highly compensated employees...
As a plan sponsor, one of your primary duties is to ensure your plan data is organized. The start of each year presents a perfect opportunity to conduct an organizational review! Why is this important? First, unorganized data leads to compliance issues...
January 1st brings anticipation for the future, a fresh start, and a chance to get organized. And for business owners, this includes getting your business organized! Starting with the retirement-plan reporting season. It’s time again to notify your TPA of...
If you are a business owner or plan administrator who sponsors a 401(k) or 403(b) plan, there’s an important change on the horizon you’ll want to prepare for. A key change from the SECURE 2.0 Act will soon affect how many employees save for retirement – and...
When employees leave your company, their retirement plan balances don’t always go with them. Over time, those small, inactive accounts can pile up. This creates extra work, higher administrative costs, and potential compliance headaches for your team. That’s...
As a plan administrator or employer, it is your responsibility to provide specific notices and required disclosures to plan participants about their defined contribution (DC) plans. And of course, there are a number of guidelines you’re required to follow...
If you are a plan sponsor (or you’ve read Part 1 of this guide), you know that you are responsible for overseeing retirement plans (such as 401(k)s or pensions). As such, you must also provide participants with various notices throughout the year. These...
As a plan sponsor, you are required to provide a number of communications and disclosures to the plan participant. These disclosures are critical to ensuring transparency, protecting participants, and helping participants make informed decisions about their...
As a Plan Administrator, understanding 401k audit requirements is essential for maintaining compliance and avoiding costly penalties. This guide provides a clear overview of what triggers a 401(k) audit, what documentation and data are reviewed, and and how...
As your group’s Plan Administrator, you're on the front lines of ensuring compliance. That includes gathering the right data, filing Form 5500 accurately, and meeting critical deadlines. At Watkins Ross, we expertly prepare Form 5500 for our clients. This is...