by Taylor Brown | Sep 6, 2023 | INTAC Blog
A revision regarding which qualified retirement plans need independent audits when filing Form 5500 takes effect this year. The update concerns how plan participants are counted and it determines what qualifies as a large plan or a small plan. It is a game-changer for...
by Taylor Brown | Jul 1, 2023 | INTAC Blog
Employers who offer a qualified retirement plan already know that this benefit helps attract employees while helping workers build retirement savings. Employers have another valuable tool in their human resources tool belt that many do not know about—a nonqualified...
by Taylor Brown | Jun 27, 2023 | Hot Topics
The matter of timely deposits is a key compliance issue regarding a company’s 401(k) plan. Plan sponsors have a fiduciary responsibility to deposit participant contributions in a timely manner—and act in the participants’ best interests. The IRS deems late deposits as...
by Taylor Brown | Jun 22, 2021 | Just the Facts
Many small businesses rely on safe harbor 401(k) plans to stay compliant with the IRS and to allow owners and key employees to maximize their salary deferrals while providing meaningful retirement savings for all participants. Plan sponsors may select a match or...
by Taylor Brown | Jul 18, 2020 | News, Newsletters
On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a massive relief bill for those suffering as a result of the Coronavirus pandemic, was signed into law. Besides the generalized financial relief afforded to individuals, as...
