Plan Compliance

What is this IRS approval for extension letter (Form 216F) I just received?
RPG Consultants files a form 5558 for all clients (for whom we are responsible to prepare their 5500) in the second quarter. This form grants an automatic 2...
Wed, 19 Aug, 2020 at 11:45 AM
What is the definition of a safe harbor match (SHM)?
The basic safe harbor match formula is 100% on the first 3% of deferred compensation and 50% on the next 2% for a max of 4% if you defer 5% or more. Sam...
Tue, 1 Feb, 2022 at 2:51 PM
Is an ERISA Fidelity Bond the same thing as Fiduciary Liability Insurance?
No. An ERISA Fidelity Bond is required by the DOL to insure the plan, whereas Fiduciary Liability Insurance is an added coverage to protect the fiduciary. F...
Wed, 19 Aug, 2020 at 11:48 AM
Understanding ERISA 404(c)
The Employee Retirement Income Security Act of 1974 (ERISA) section 404(c) offers plan sponsors and other fiduciaries protection from liability for losses...
Thu, 8 Apr, 2021 at 3:00 PM
Qualified Automatic Contribution Arrangement (QACA) Requirements
A Qualified Automatic Contribution Arrangement (QACA) combines automatic enrollment provisions with the IRS’ Safe Harbor provisions. Thus, QACA plans increa...
Mon, 28 Aug, 2023 at 11:52 AM
Who is Considered a Highly-Compensated Employee (HCE)
A highly compensated employee generally refers to an employee who either satisfies the ownership test (owns more than 5% of the company) or the compensation...
Tue, 1 Feb, 2022 at 3:39 PM
IRS Notice CP216F
In some cases, as a precautionary measure, RPG will file a Form 5558 with the IRS to request an automatic 2.5-month extension of the Form 5500 filing deadli...
Tue, 24 Oct, 2023 at 2:30 PM
What are the Plan Contact Roles?
Authorized to Add/Remove Plan Contacts Access Confidential Documents RPGFocus Plan Sponsor Portal Access Compliance Portal Access Plan Trustee ✓ ...
Tue, 6 Apr, 2021 at 4:23 PM
Plan Implementation Notes & Instructions
Instructions Relating to the Forms & Documents Section of the Conversion Dashboard RPG Executed Agreement - Save a copy of the fully executed RPG contr...
Mon, 21 Jun, 2021 at 11:53 PM
Long-Term, Part-Time (LTPT) Employees
In December 2019, Congress passed the SECURE Act which included a provision regarding Long-Term, Part-Time (LTPT) Employees and their eligibility for compan...
Thu, 7 Dec, 2023 at 4:44 PM

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