by Sheila Freund, QKA, Compliance Coordinator | Mar 11, 2019 | 401(K) Plans, 403(B) Plans, 457 Plans, Defined Contribution Plans, Employee Stock Ownership Plans, Profit Sharing Plans
Initial Required Minimum Distributions (Defined Contribution Plans) In general, participants in a defined contribution plan are required to receive minimum distributions after turning age 70.5 if they have separated from service or are a 5% owner in the company...
by Mishelle Becker, QKA, Retirement Plan Administrator | Feb 19, 2019 | 401(K) Plans, 403(B) Plans, 457 Plans, Cash Balance Plans, Defined Benefit Plans, Defined Contribution Plans, Employee Stock Ownership Plans, Profit Sharing Plans, Retirement Plans
Who Retains The Beneficiary Forms? Beneficiary designation forms are used to determine who is entitled to the defined contribution retirement plan benefits upon the death of a participant. While participants complete these forms upon entering a plan, it’s often...
by Mishelle Becker, QKA, Retirement Plan Administrator | Feb 14, 2019 | 401(K) Plans, 403(B) Plans, 457 Plans, Defined Contribution Plans, Employee Stock Ownership Plans, Profit Sharing Plans
2019 Defined Contribution 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 contribution plan, it’s critical...
by Christina Salacina, Pension Assistant | Jun 11, 2018 | 401(K) Plans, 403(B) Plans, 457 Plans, Cash Balance Plans, Defined Benefit Plans, Defined Contribution Plans, Employee Stock Ownership Plans, Profit Sharing Plans, Retirement Plans
How to Submit a Federal Withholding Tax Deposit Are you brand new to sponsoring a retirement plan and have no idea how to submit a federal withholding tax deposit? You can scour the web for hours hoping to find a form you can just print, sign and mail with your check....
by Kim Trathen, Sales and Marketing Coordinator | Apr 9, 2018 | Employee Stock Ownership Plans
Is Your Business a Good candidate for an ESOP? An Employee Stock Ownership Plan (ESOP) is a qualified retirement plan that invests primarily in the company stock of the employer. Providing direct ownership opportunities to your employees through an ESOP encourages...
by Kim Trathen, Sales and Marketing Coordinator | Jul 14, 2016 | Employee Stock Ownership Plans, Retirement Plans
Watkins Ross is pleased to announce that Sharon Miller-Walcott, QKA, Certified ESOP Specialist, was elected as the 2016 Employee Owner of the Year by the Michigan Chapter of The ESOP Association. The ESOP Association, a non-profit trade association founded in 1978, is...
