Performing a 401(k) retirement plan self-checkup
(authored by RSM US LLP) When an employer sponsors a retirement plan for its employees, it must carefully consider, and continually monitor, the plan provisions.
IRS updates its Employee Plans Compliance Resolution System (EPCRS)
(authored by RSM US LLP) EPCRS is a summary of the rules that the IRS uses to assist employers in correcting retirement plan mistakes without disqualifying the plan.
Missing participants in a retirement plan
(authored by RSM US LLP) A retirement plan is required to maintain contact information for participants and beneficiaries who are owed a benefit under the plan.
Understanding revenue sharing
(authored by RSM US LLP) Learn the importance of discussing with a plan advisor how best to customize plan fees based on circumstance and available options.
Partial plan terminations, 2020 and COVID-19
(authored by RSM US LLP) A consequence of COVID-19 reductions is potential partial plan termination. Learn the requirements of a partial plan termination.
LaPorte Hosts Webinar on Common EBP Audit Findings
It’s more important than ever for employers to determine that their benefit plans adhere to Department of Labor and Internal Revenue Service regulations, as these
What plan sponsors need to do now for the SECURE and CARES Acts
(authored by RSM US LLP) Plan sponsor actions to incorporate the provisions of the SECURE and CARES Acts into their plan documents and plan administration.
LaPorte Auditors Partner with Houston Business Journal on EBP Article
Jordan Montz, CPA, Audit Senior Manager, and Douglas Hidalgo, Audit Director, CPA, CCIFP, recently partnered with the Houston Business Journal to offer tips on avoiding
IRS issues guidance on 401(k) and 403(b) Plans
(authored by RSM US LLP) IRS guidance on the 15% maximum on automatic contributions, 401(k) and 403(b) plan safe harbor requirements, and plan loan offset rollovers.
IRS Introduces New Form 1099-NEC for 2020 Tax Year Reporting
Beginning in January of 2021, the IRS will require businesses to report non-employee compensation using a new Form 1099-NEC. Amounts formerly reported on Form 1099-MISC
