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...
Tue, 1 Feb, 2022 at 2:26 PM
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

Recent articles