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When the Grass Isn't Greener with More Plans, There's a Fix for That!

DWC 03/13/20
In our last Correction of the Quarter, we looked at related companies setting up different types of plans for their respective employees and noted that this sort of structure isn’t “necessarily” a problem when it comes to 401(k) plans.  Well, as usual, the devil’s in the details, so we thought it was worth diving into what happens when this is a ...
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When More (Plans) Isn't Merrier: We've Got a Fix for That!

DWC 11/21/19
Q4 2019 COTQ - Blog Header Image - When More Plans Isnt Merrier - Plan Corrections
Stop us if you’ve heard this one before – a SEP, a SIMPLE, and a 401(k) walk into a bar…unfortunately, there’s not a great punch line at the end of this one.  Instead of some good laughs, this situation is a recipe for some issues in need of attention.  While it might be unusual for a single company to establish one of each, it is not nearly as ...
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Can I Add a Personal SEP IRA to My Company's 401(k) Plan?

DWC 07/24/17
Facts Our firm sponsors a 401(k) plan that includes a 3% of pay safe harbor contribution. The plan also includes a profit sharing provision, but the only company contribution we usually make is the safe harbor.
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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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