Category Archives: Compliance

Plan Sponsor Quick Tips: Delinquent Filer Voluntary Compliance (DFVC) Program

Each Monday 401kBasics posts a new tip as a part of our series “Plan Sponsor Quick Tips”. This series is designed to assist plan sponsors in filling their fiduciary role and running their retirement plan efficiently. Your feedback or suggestions on future … Continue reading

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Plan Sponsor Quick Tips: October 15th, Form 5500 Deadline Reminder!

Each Monday 401kBasics posts a new tip as a part of our series “Plan Sponsor Quick Tips”. This series is designed to assist plan sponsors in filling their fiduciary role and running their retirement plan efficiently. Your feedback or suggestions on future … Continue reading

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Reminder! What Does September 15th Mean For Your 401k Plan?

For many companies their corporate tax filing deadline was extended to September 15th. So what does this mean for your 401k plan? The first implication is that any employer contributions for the 2009 calendar plan year need to be deposited … Continue reading

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IRS Extends Filing Deadline for New Form 8955-SSA

According to the Internal Revenue Service (IRS) July 2010 Special Edition of Employee Plans News, plan administrators of defined benefit and defined contribution plans will not be required to file Form 8955-SSA for the 2009 plan year until the IRS … Continue reading

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Reporting Plan Mergers to the IRS

The enactment of EGTRRA may result in the merger of a plan sponsor’s money purchase and profit sharing plans. It may be useful to examine the most efficient means of reporting such activity on Form 5500. The merger document must … Continue reading

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IRS Allows Safe Harbor Plans to Suspend Nonelective Contributions

Summary – The IRS published a proposed rule to allow 401(k) plan sponsors experiencing a ‘substantial business hardship” to reduce, suspend, or eliminate “safe harbor” non elective contributions during a plan year under rules similar to those already in place … Continue reading

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