Can Stolen Funds be Recouped from Employee’s Retirement Plan?
Question: One of my employees stole from the company and when we found out we terminated their employment. Can we use their company retirement plan [...]
What Is a 401(K) Match “True up” and Why Must I Do It?
Dear Anna, Question: We’ve been funding an employer matching contribution to the 401(k) plan throughout all last year and now I’m being told I must [...]
Retirement and Late 401(K) Deposits Are a Big Deal
Dear Anna, Question: So we recently changed payroll companies and I just found out the new company hasn’t been remitting the employee 401(k) plan amounts [...]
The New DOL Fiduciary Rule – What Plan Sponsors Need to Know!
The U.S. Department of Labor (DOL) published its long awaited and highly controversial final rule on April 6, 2016, which addresses when a person is considered a fiduciary under the Employee Retirement Income Security Act of 1974 (ERISA), when providing investment advice to a Plan, its participants and beneficiaries.
Company Retirement Plans Made Easier – Ask Anna
Question: My Company had a good year and my accountant says I could use some more deductions on my tax return. Can I contribute extra to my [...]
So Long SEP
Some employers are still using the Simplified Employee Pension (SEP) plan as the company retirement plan. These plans are relatively easy to set up and [...]