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Will Moving My Company Ownership Into a Trust Impact Our 401(K) Plan?

DWC 03/25/21
Ownership to Trust
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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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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Meet the MEPs: Working Owners

DWC 08/14/19
Meet the MEPs_Working Owners_8.14.2019_blog header image
Unless you’ve been on vacation somewhere off the grid, you’ve likely heard the news and read the headlines that the Department of Labor recently published new regulations that expand the availability of multiple employer plans.  While that is true, what those new rules actually do is to change ERISA’s definition of the term “Employer” so that more ...
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Spouse or Not a Spouse? That is the Question...of the Week

DWC 06/4/19
QOTW - 6.4.2019 - Spouse or Not a Spouse - Plan Compliance
Facts Our company has sponsored a 401(k) plan for a while and although it’s not new to us that certain situations - from beneficiary designations to annual nondiscrimination testing - might require us to provide information about spousal relationships, we are seeing that different types of relationships, and statuses, are becoming more commonplace.
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What is the PBGC & Does it Cover our Cash Balance Plan?

DWC 04/9/19
QOTW - 4.9.2019 - What is the PBGC and Does it Cover our Cash Balance Plan - Plan Compliance
Facts Our company is thinking of setting up a cash balance plan.  In our research about what that entails, we keep running into information about the PBGC and paying premiums.
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Why Does Your TPA Need Personal & Ownership Details from Company Owners?

DWC 10/2/18
QOTW - 10.2.2018 - Why Does your TPA Need Personal and Ownership Details - Plan Compliance
Facts Our company sponsors a 401(k) plan for our employees.  The owners of the company have always been somewhat secretive in terms of sharing detailed information about themselves and their families.  The current environment of selling information for marketing use and identity theft has only intensified that.
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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.

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