Oct 7, 2019 | EBP Newsletter, EBP Newsletter
If your 401(k) plan employer contribution formula for hourly employees includes overtime pay, your plan costs may increase next year — along with your overtime pay outlays. That’s because of the U.S. Department of Labor’s revised rule increasing the income threshold...
Oct 7, 2019 | EBP Newsletter, EBP Newsletter
Some 401(k) plan participants have been known to shoot themselves in the foot when taking aim at higher investment returns. Some of these individuals may not be open to advice but, as plan sponsor, you can still provide information about the dangers of firing blindly...
Oct 7, 2019 | EBP Newsletter, EBP Newsletter
If your plan offers participants a plan loan option and you’re not infallible, here’s some good news: A recent IRS Revenue Procedure allows plan sponsors to jump through fewer hoops to fix several so-called “plan failures” relating to plan loans. Specifically, plan...
Oct 7, 2019 | EBP Newsletter, EBP Newsletter
ERISA issues and higher costs Is your company contemplating buying another company, or a division of one? If so, be sure to assess and plan for the impact on your 401(k) plan, and that of the company you’re acquiring, before pulling the trigger. The same applies if...
Aug 5, 2019 | EBP Newsletter, EBP Newsletter
COMPLIANCE ALERT Upcoming compliance deadlines: 9/16* Extended deadline for S corporation tax returns (IRS Form 1120S) 9/16* Extended deadline for partnership tax returns (IRS Form 1065) 9/30 Summary Annual Report (SAR) due for Form 5500 that was due July 31,...
Aug 5, 2019 | EBP Newsletter, EBP Newsletter
Private sector employers have been retreating from the defined benefit (DB) pension model for decades. This is largely motivated by a desire to “de-risk” the company from a financial obligation that’s as variable as financial market behavior. More recently, holdouts...
