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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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Interesting Compliance Scenarios - 2021 Edition

DWC 03/18/21
Interesting Compliance Scenarios - 2021
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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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Which Employees Do I Have to Report on my Year-End Census Report?

DWC 01/12/21
DWC 401(k) Q&A Question of the Week: Which Employees Do I Have to Report on my Year-End Census Report?
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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Do the Rules About Related Companies Apply to Non-Profits with No Owners?

DWC 12/17/19
QOTW - 12.17.2019 - Do the Rules About Related Companies Apply to Non Profits with No Owners - Plan Compliance
Facts I work for a non-profit organization that is thinking of setting up a retirement plan. One of the service providers who we’ve spoken to about this said something about determining whether we are related to any other businesses through over-lapping ownership.
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Can Employees from a Former Subsidiary Take a Distribution from our 401k Plan?

DWC 03/12/19
QOTW - 3.12.2019 - Can Employees from a Former Subsidiary Take a Distribution for our 401k Plan - Plan Distributions and MandA
Facts Our company has several wholly-owned subsidiaries, and each of them has signed onto our 401(k) plan as participating employers. We sold 100% of the stock of one of those subsidiaries – Glen’s Fiddich, LLC – to an unrelated company. As a result of the sale, Glen’s Fiddich is no longer related to us and has discontinued participation in our ...
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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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