Payroll integration for retirement plans connects an employer’s payroll system directly with their employees’ retirement plan provider (i.e., recordkeeper and/or third party administrator). This seamless connection allows employee contribution data to flow automatically between systems, eliminating manual data entry and…
Employee Benefit Plan Record Retention
Every so often, a client or potential client contacts us inquiring how long they need to retain their qualified retirement plan records. The short answer is “it depends” and “for a long time”. Of course, that short answer isn’t particularly…
Penalty Relief for 5500-EZ Late Filers
Pilot Penalty Relief Program – Late Annual Reporting for Non-Title I Retirement Plans (“One-Participant Plans” and Certain Foreign Plans) The IRS has issued guidance for late filers of the Form 5500-EZ (Revenue Procedure 2014-32). If you are a late filer,…
Accepting Rollovers to Qualified Plans
In April 2014, the IRS issued Revenue Ruling 2014-9 which provides guidance for accepting rollovers into a qualified plan. If your plan allows for rollovers, before accepting the rollover, the Plan Administrator must reasonably conclude that the rollover contribution is…
ASPPA Annual 2013
If you have never attended ASPPA Annual and you are in the TPA business, you should! This year’s ASPPA Annual was a great learning conference. The conference had nearly 50 speakers who advised on topics ranging from generational issues to…
Pinnacle Plan Design expands into Phoenix
Pinnacle Plan Design LLC, a national provider of qualified retirement plan design and administration services, announces it has expanded operations into Phoenix and has opened an office at 20830 N. Tatum Boulevard.
Retirement Plan News July/August 2013
Retirement Plan News: Featuring… Tips on selecting target date funds Correcting missed matching contributions Hardship distribution to pay casualty loss Recent developments 401(k) compliance check questionnaire 403(b) preapproved plan document program
What do you believe and what is your why?
A few weeks ago, our firm held our annual management retreat. Every year around this time, we fill a room with nearly 30 passionate leaders (senior managers and partners from our firm and our parent firm) and determine what we…
Retirement Plan News May/June 2013
Featuring… Employee Plans Compliance Resolution System (EPCRS) In-plan Roth “transfer” IRS Voluntary Correction Program Recent developments 403(b) document failure correction Charitable donation from an IRA
Looking forward to ASPPA’s Women Business Leaders Forum
I’m really looking forward to ASPPA’s Women Business Leaders Forum June 10-13 in Austin, TX. If you are a female business leader in the TPA industry, you don’t want to miss this conference! http://www.asppa.org/women