Retirement plan limits: 2018 vs. 2019

The change of the new year also brought some changes in retirement plans for employees. See below for a listing of limit changes happening to plans this year so that you can stay up to date on the standards. Retirement plan limits: 2018 vs. 2019 Type of limitation...

Are you ready for VCP electronic filing?

As of April 1, you’ll no longer be able to file paper forms and use paper checks to pay fees under the IRS’s Voluntary Correction Program (VCP). Instead, you’ll have to submit forms and fees electronically via Pay.gov. The IRS announced the change in Revenue Procedure...

COMPLIANCE ALERT

Upcoming compliance deadlines: 2/15     Quarterly benefit statements due for defined contribution plans with calendar year plans 2/28     Deadline for filing paper 2018 Form 1099 with IRS (electronic filing deadline is March 31) 3/15     Deadline for making corrective...

COMPLIANCE ALERT

Upcoming compliance deadlines: 12/31   Deadline for making required minimum distributions for 2018 12/31   Deadline for making corrective distributions for failed 2017 actual deferral percentage (ADP) and actual contribution percentage (ACP) tests with a 10% excise...