The Internal Revenue Service (IRS) has several new initiatives — audit initiatives and compliance checks — that might affect retirement plans. So, what do you need to know about the new IRS info? Here are some of the initiatives that were released on...
If you are sitting down to do your taxes, or if you are getting ready to sit down with your accountant, here’s your friendly reminder that there are new rules for required minimum distributions from your retirement accounts. In the past, those with retirement accounts...
Calling all plan sponsors: If your plan sponsor clients recently received approval for a filing extension they filed months ago for 2019 Form 5500 – there’s been a change. Plan sponsor clients don’t have to do anything if they received this approval (likely...
Years after it was requested, the Department of Labor has issued guidelines on how plan sponsors can avoid issues with lost or missing plan participants. Last month, January 2021, the department issued the guidance, including ways employers can track down missing or...
If you are in the so-called “sandwich generation,” you have likely been smushed between caring for young children and aging parents during the COVID-19 pandemic. So, what does that mean? The “sandwich generation” is defined as people – sometimes millennials, sometimes...
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