It’s no secret that most people want to save on their tax bill. Like many, business owners are asking what they can do to keep their...

It’s hard to imagine that the decisions you make now will have a long-lasting impact on the future of your life. Nevertheless, they do,...

An Enrolled Retirement Plan Agent (ERPA) is an individual who is qualified to practice before the Internal Revenue Service (IRS) in matters pertaining to retirement plans. This designation is awarded by the IRS to practitioners who have demonstrated comprehensive knowledge of the laws and regulations of the Internal Revenue Code Sections related to retirement plans. The ERPA designation can be earned following the completion of written examinations administered by the IRS or

When an organization seeks the services of a Third Party Administrator (TPA), they are entering a competitive world of hundreds of firms, each vying for the same business. One of the ways TPAs will seek to differentiate themselves is through obtaining and maintaining licenses and certifications. The gold standard among these credentials is the Seal of Excellence from the Centre for Fiduciary Excellence (CEFEX). But how can your organization benefit from working with a partner

Administering a company 401(k) plan comes with its own unique set of challenges and potential errors. As you familiarize yourself with the process, it is common to make a mistake or two. However, these mistakes can result in penalties, liability, and even plan disqualification. While it may sound scary, this is not the end of the road – let's discuss common 401(k) contribution errors and how to correct them. Error #1: Missing Employer Matching Contributions Whether you forgo

Company 401(k) plans are created to benefit all employees, regardless of where they fall in the organizational hierarchy. In order to prevent 401(k) plans from favoring company executives, owners, and employees who are on the higher end of the pay scale, the IRS has enforced annual nondiscrimination testing . In this blog, we will discuss what nondiscrimination tests are and how to stay compliant with the IRS rules and specifications. What is Non-Discrimination Testing? The