A “gotcha” can happen to small plans – those exempt from filing a Form 5500 for a certain year. To qualify, a plan must be both (a) entitled to use… read more →
Small retirement plans must submit annual financial returns to the IRS by using Form 5500-EZ. Generally, these plans cover only owners, partners, and their spouses. Technically, they are Non-Title I… read more →
The IRS means business on plan compliance. Each year we take over the administration of a handful of retirement plans with significant compliance issues. Here is a sampling from just… read more →
We still hear concern from employers and advisors concerning fully insured (412(e)) retirement plans. For a while, there was speculation that the IRS would take an active role in such… read more →
Retirement plans use a trustee, who has certain duties and responsibility on behalf of the plan, its investments, and its participants. Sometimes the trust document is separate from the plan… read more →