For some taxpayers, it's not too late to reduce 2011 taxes with retirement plan contributions
Feb. 3, 2012
Retirement plans continue to be one of the best income tax deferral techniques available. The joint benefits of a current tax deduction and deferred tax on investment income in the plan becomes more valuable. Full Story
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Maximize retirement plans options to reduce 2011 taxes
Nov. 2, 2011
Retirement plans continue to be one of the best income tax deferral techniques available. The joint benefits of a current tax deduction and deferred tax on investment income in the plan becomes more valuable. Full Story
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403(b) plan audits uncover numerous pitfalls and problems
Sep. 12, 2011
The new 403(b) final regulations that govern Section 403(b) plans became effective January 1, 2009. These new regulations have compliance and reporting requirements that are similar to a 401(k) plan. Many previously unaudited 403(b) plans were required to have an audit for the first time for the 2009 plans year. These audits have uncovered several areas that may be potential problems for the plan. Even if your plan is not required to have an audit, you could still be faced with some of the same issues. Full Story
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Compliance issues plague small pension plans, and penalties can be severe
April 4, 2011
We've seen it happen all too often. When plan administrators missed the "red flags," and the client's plan took the hit. Overlooking a detail can potentially result in huge fines (as much as 10 percent of plan assets) levied at the plan sponsor level or disqualification of your plan. Failure to file the required reports or noncompliance issues can cost thousands of dollars -- not to mention the potential for lawsuits by employees and negative publicity. Full Story
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When employees leave, but their pension plan accounts stay
March 14, 2011
Work force reductions over the past couple of years have left some employers with a lot of low-balance plan accounts owned by former employees. These accounts can be expensive to maintain and burdensome to administer. Below, you will find answers to commonly asked questions about handling these small accounts. Full Story
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New economic relief act benefits seniors and employers
Feb. 16, 2009
The economic downturn and mounting stock market losses are shrinking retirement accounts and impeding employers' ability to meet pension funding requirements. The Worker, Retiree and Employer Recovery Act of 2008 (WRERA) is designed to help seniors and ease employer pension funding requirements that could have forced businesses to make large pension fund contributions at a time when cash is in short supply. In addition, the act "corrects" several technical provisions of the Pension Protection Act of 2006 (PPA). Full Story
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