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 Jill Northup, Conversion/Document Coordinator | Oct 29, 2018 | 401(K) Plans, 403(B) Plans, Defined Contribution Plans, Profit Sharing Plans
Safe Harbor Plan Amendments Do you or your clients have a 401(k) plan that could benefit from amending to include a safe harbor provision? There is still time left to make the change this year! Generally, the plan must be amended on or before November 30, 2018 to...
by Mishelle Becker, QKA, Retirement Plan Administrator | Sep 4, 2018 | 401(K) Plans, Profit Sharing Plans
Safe Harbor Hardship Withdrawal Guidelines According to the IRS, a hardship distribution from a 401(k) plan must be made on account of an immediate and heavy financial need of the employee and the amount withdrawn must be necessary to satisfy the financial need. The...
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....
