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The Mega Backdoor Roth…Here We Go Again

DWC 07/29/21
Every year, the financial press seems to write about the so-called Backdoor Roth and Mega Backdoor Roth strategies in 401(k) plans, and this year is no exception. (Maybe the Super Duper Mega Backdoor Roth will be next year.) The difference is that the articles usually start to appear closer to the Fall, but they are trending earlier this time ...
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When Is the Best Time to Set Up a Safe Harbor 401(K) Plan?

DWC 06/17/21
Facts We have been thinking about setting a safe harbor 401(k) plan and have heard that there are some pretty stringent timing requirements depending on some of the provisions we select.
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Designing Your 401(k) Plan for Combined Testing

DWC 05/6/21
Thousands of 401(k) plans are designed each year to promote savings in the most cost-effective manner. Most are established as stand-alone plans and will remain that way for their entire existence. Some, however, are initially set up as stand-alone, only to be paired with a cash balance plan down the road. Since most cash balance plans are ...
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IRS Enforcement Initiatives: It’s Not Paranoia If They’re Really After You

DWC 04/29/21
 
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2020 Retirement Plan Tax Deductions - It's Not Too Late

DWC 04/15/21
 
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Nondiscriminatory Benefit Amounts - Treat Me Right

DWC 04/8/21
Outside the complex world of qualified plans, the term “nondiscrimination” can take on many different meanings based on many different points of view. Fortunately, in the qualified plan world, the meaning of “nondiscrimination” is well defined, albeit quite complex. Here, the only point of view that matters is that of the IRS.
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Will Moving My Company Ownership Into a Trust Impact Our 401(K) Plan?

DWC 03/25/21
Facts I’ve been working with my personal attorney and financial advisor on some estate planning. and one item I’m considering is placing some of my assets, including my company ownership, in a trust. While this is all for personal estate planning purposes, I’ve been told that anything that changes company ownership could also have an impact on how ...
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Interesting Compliance Scenarios - 2021 Edition

DWC 03/18/21
 
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Minimum Plan Participation - With or Without You

DWC 03/11/21
Sponsoring a retirement plan can provide significant benefits to a company (and its participants). But with great benefits comes great responsibility…responsibility to follow all of the various regulatory requirements. Since these plans provide hundreds of billions of dollars in tax deductions each year, Congress and the various agencies want to ...
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2020 DOL Enforcement Stats: Is the Glass Half Full or Half Empty?

DWC 03/4/21
  From the Hot Seat to a Fireside Chat This week, we are bringing the heat in two completely different ways. Receiving notification that the Department of Labor is about to pay a visit to investigate your plan is enough to make you feel like you are sitting in the hot seat. And for good reason. In the first part of this week’s post, we bring you ...
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The views expressed in this blog are those of the authors and do not necessarily represent the views of any other person or organization. All content is provided for informational purposes only and is not intended to be tax or legal advice.