How to Read and Rely on a SOC 1 Report as a Government Contractor Plan Sponsor of an Employee Benefit Plan

Understand how to read and rely on a SOC 1 report as a Government Contractor Plan Sponsor of an Employee Benefit Plan.

2024-04-29T14:15:29-04:00April 29, 2024|Categories: Employee Benefit Plans, Government Contracting|Tags: |

Can You Replace a SIMPLE IRA Plan with a 401(k) Plan Mid-Year?

There are several reasons to replace a SIMPLE plan with a 401(k) Plan. Learn how it can provide greater deferral limits, a vesting schedule for discretionary employer contributions, and plan design flexibility.

2024-04-23T12:47:17-04:00April 24, 2024|Categories: Employee Benefit Plans|Tags: |

Breaking Down the Upcoming 2023 Plan Year Employee Benefit Plan Audit Requirements for Government Contractors

Change is ongoing in the world of employee benefit plans, and this year is no different. With these plans becoming increasingly complex and heavily regulated, it is crucial for government contractors to stay updated on the latest audit requirements.

2024-04-22T10:41:15-04:00April 22, 2024|Categories: Employee Benefit Plans, Government Contracting|Tags: |

Failed ADP/ACP Test Deadline for 401(k) Corrective Distributions

Learn about the corrective distribution deadline associated with failed ADP/ACP testing related to requirements for traditional 401(k) plans that haven't adopted safe harbor provisions.

Empowering Employees: The Next Frontier in Cybersecurity for Government Contractor Employee Benefit Plans

Read about the future of Cybersecurity for Government Contractor Employee Benefit Plans.

2024-03-28T15:51:36-04:00March 27, 2024|Categories: Employee Benefit Plans, Government Contracting|Tags: , |

RetirePath Virginia Registration Deadline is February 15, 2024

RetirePath Virginia, an automatic-enrollment, state-facilitated individual retirement account savings program, has a deadline to register of February 15, 2024 for eligible businesses. Businesses that fail to respond may face an annual penalty of up to $200 per eligible employee.

2024-02-12T15:57:01-05:00February 12, 2024|Categories: Employee Benefit Plans|Tags: |

New Guidance from IRS on Correction of Errors in Qualified Retirement Plans

The IRS released Notice 2023-43 to provide interim guidance on plan correction changes under SECURE 2.0 until Rev. Proc. 2021-30 (EPCRS) is updated.

2023-06-07T13:55:27-04:00June 7, 2023|Categories: Employee Benefit Plans, Plan Design and Administration|Tags: |

Will New Rules Exempt Your Benefit Plan from the Annual Audit Requirement?

On February 24, 2023, the Federal Register announced changes to the 2023 Form 5500. One significant change was in the method for determining which employee benefit plans will require an audit for 2023.

2023-04-26T17:15:39-04:00April 26, 2023|Categories: Audit & Assurance, Employee Benefit Plans|Tags: |

SECURE 2.0: Considerations to achieve your workforce and business goals

Employers that understand SECURE 2.0's new requirements and the pros and cons of adopting optional provisions can implement the act effectively.

2023-09-26T17:08:58-04:00April 6, 2023|Categories: Employee Benefit Plans|Tags: , |
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