Avoid Costly Compliance Mistakes with Form 5500
Form 5500 is essential for maintaining the integrity of retirement plans, ensuring compliance, safeguarding participant interests, and providing necessary data for regulatory oversight. Proper filing is crucial for plan sponsors to avoid penalties and ensure their plans remain viable and compliant with federal standards. Why do we need to file Form 5500? Form 5500 is…
Read More3 Retirement Plan Mistakes Costing Your Business Money
When companies choose to offer 401(k) or defined benefit plans, they generally do so to safeguard their teams and key personnel during retirement. They’re a great and adaptable safety net and a strategic choice for your business. But not all of us are fiduciaries, or even financially savvy, and between running your business and everything…
Read MoreIs your 401(k)-plan ready for the new year?
Proper 401(k) plan administration is vital for both employers and employees, ensuring that retirement savings are protected and maximized. Plan administration extends beyond compliance; it directly affects the financial future of your employees. Accurate record-keeping is essential and inaccurate records can lead to discrepancies in employee accounts, creating mistrust and dissatisfaction. Furthermore, neglecting fiduciary duties…
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