Topic Archive: DWC

Can I Keep My Retirement Plan After I Sell My Business?

DWC | 12/12/17

Facts

I recently sold my business, and all of my employees went to work for the buyer. My goal is to continue working for a period of time, but I do not expect to hire any more employees.

Read More

How Do I Set Up an Individual 401(k) Plan?

DWC | 12/5/17

Facts

I am self-employed, and my business is doing well. As a result, I would like to setup a retirement plan so that I can not only set aside some income for retirement but also to help with my current income tax planning. I don’t have any employees.

Read More

Do 401(k) Testing Requirement Apply to Owner-Only Plans?

DWC | 11/14/17

Facts

I and my three business partners each own 25% of our company. We do not have any employees other than the four of us. We would like to set up a retirement plan, but we know there are nondiscrimination tests that limit how much owners can benefit based on how much the employees receive.

Read More

How Do We Report a Plan Merger on Form 5500?

DWC | 11/7/17

Facts

Our company sponsors two separate 401(k) plans, each of which covers a different group of our employees. Due to some internal changes, we now want to merge those plans so that we only have a single plan, covering all of our employees.

Read More

DWC Continues Expansion, Adds Jennifer Gibbs Swets as Partner

DWC | 11/2/17
ST PAUL, Minn. – October 31, 2017 – DWC – The 401(k) Experts, an industry leader in providing 401(k) plan compliance and defined benefit and consulting services, has expanded its team by adding Jennifer Gibbs Swets, ERPA, QPA, QKA, as its newest partner.

DWC, which has grown rapidly in recent months, serves more than 3,000 clients across the country, ranging in size from single-participant defined benefit plans to complex 401(k) plans, including several thousand employees. Swets's announcement follows that of Lori Reay, who joined DWC as a partner in September 2017.

"Jen's passion for the industry and dedication to client service fits seamlessly with our firm. Her work ideology—treating each case with attentiveness to individual client needs—aligns seamlessly with the DWC company philosophy," said Keith Clark, co-founder and managing partner of DWC.

Swets, a former senior manager of retirement plan services at Dixon Hughes Goodman LLP, brings over 15 years of retirement services experience. Swets specializes in creative and innovative plan design, adding a valuable skill set to the DWC team.

"The retirement plan industry is ever-changing, and it's crucial to find a company that proactively adapts to those changes, while also serving its clients accordingly," Swets said. "DWC has consistently and successfully responded to industry changes in the best way that serves its clients."

Based in Hampton Roads, Virginia, Swets will work with clients and financial advisors on a local and national level to help design and maintain retirement plans. She joins existing partners Keith Clark, Doug Hoefer, Adam Pozek, and Lori Reay.


For media inquiries, contact Kaitlyn Smith of Flackable at 610-698-6014 or kaitlyn@flackable.com.
Read More

What's the Difference Between 401(k) Transfers and Rollovers?

DWC | 10/31/17

Facts

Our company sponsors two separate 401(k) plans. One covers salaried employees, and the other one covers hourly-paid employees. From time to time, employees change from hourly to salaried and vice versa. When they change job classifications, they also change plans so that they are always in the plan that aligns with their job class.

Read More

DOL and IRS Audits: How DWC's Annual ERISA Compliance Review Helps Plan Sponsors

DWC | 10/19/17

Our first piece of advice for audited plan sponsors? Don't panic. 

Read More

What Are 401(k) Plan Forfeitures and How Can They Be Used?

DWC | 10/17/17

Facts

We have a 401(k) plan that includes several different types of contributions—employee deferrals, a company-provided safe harbor match, and a profit sharing contribution. The plan has a 6-year graded vesting schedule.

Read More

When Can We Change Our ADP/ACP Testing Method?

DWC | 10/10/17

Facts

We have a 401(k) plan that allows for both employee deferrals and a company match. Our annual testing each year is based on the amounts contributed in the previous year. That has allowed us to notify our highly compensated employees of the maximum they can contribute each year to ensure we pass testing.

Read More

Why Compliance Services Are Important for a Plan Sponsor

DWC | 10/9/17

Retirement plan compliance is a big deal to the IRS.  After all, the tax deductions that both plan sponsors and participants receive each year for contributions to retirement plans surpass deductions taken for charitable donations and health insurance premiums.  With so much at stake, the IRS wants to be sure everyone is playing by the rules.

Read More
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.