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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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Can I Convert a Coronavirus-Related Distribution to a Roth IRA?

DWC 02/25/21
Facts We added Coronavirus-Related Distributions (CRDs) to our 401(k) plan in 2020, and a number of our participants availed themselves of the new feature. I know they have the option to pay any applicable taxes all at once or spread them over three years, and I also understand they have up to three years to roll the money over to avoid taxes ...
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MEP, PEP, or Stand Alone Plan, Which Is the Best Fit for Your Company?

DWC 02/18/21
 
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Nondiscrimination Testing Creates Career Opportunites

DWC 02/11/21
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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Why Does My Year-End Census Require Ownership and Family Information?

DWC 02/2/21
Facts We’ve compiled our year end census information, and we are now turning out attention to the accompanying questionnaire. I’m being asked for additional information such as ownership percentages, family relationships, ownership in other businesses and more.
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Anticipating a New Hire - You Might Change Your Mind

DWC 01/28/21
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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DWC The 401(k) Experts Partner Joe Nichols Announced as ARA President

DWC 01/22/21
National 401(k) Consultancy is Proud to Announce Joe Nichols as President of the ARA ST PAUL, Minn. – January 21, 2021 - The American Retirement Association (ARA) has named Joe Nichols, ASA, EA, MSPA new President of the organization for calendar year 2021. Joe has previously served as both Treasurer of the ARA, and as President of the American ...
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Which Financial Details Do I Have to Include on my Year-End Census?

DWC 01/19/21
Facts Last week, you explained some the demographic data points that get reported on the annual census. Now, I’ve got some questions on the financial information I’ve been asked to provide to my TPA. Some of it seems obvious until I start to dig into it.
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Which Employees Do I Have to Report on my Year-End Census Report?

DWC 01/12/21
Facts As for so many companies, the end of one year and the start of the next are especially busy times. And, without fail, we’ve already received the request for our annual census data from our retirement plan consultant. I know this information is important and these deadlines approach quickly, so I get nervous every year about making sure I ...
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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.