Taxes

• Tax Planning
• Tax Services
• Roth IRA
  Designated Roth contributions (a/k/a Roth 401(k) or Roth deferrals) have been available since 2006, but a change in the tax laws governing Roth IRAs has reenergized discussions about this feature. This article is in Q&A format and addresses some of the more common questions about Roth 401(k) contributions. But first, a brief overview...
• Income Tax
  Alternatively, an approved extension to file the employer’s income tax return can be used to extend the due date of Form 5500 if the fiscal years are the same and the extended due date is beyond the original filing date of the 5500. Special filing extensions may be announced in the event of declared natural disasters.

Investment

• Investment Management
• Mutual Funds
  The designated investment alternatives available under the plan as well as any designated investment managers (in most cases, designated investment alternatives are mutual funds and similar vehicles rather than managed accounts--accordingly, most of the required information will pertain to the investment products rather than any designated managers);
• Money Market Funds
  The Pension Protection Act of 2006 (PPA) tried to provide an easy answer to that question by creating the QDIA. Those rules basically say that plan fiduciaries who follow the PPA guidelines in selecting and monitoring a plan's default investment are deemed to have made a prudent decision. However, there are other appropriate choices that don't fit within the QDIA rules. For example, money market funds do not fall within the definition of a QDIA; however, many investment professionals believe that in a volatile economy, a money market fund is a prudent default. Just because it isn't a QDIA does not make it imprudent.

Accounting

• Accounting Services
• Payroll Services

Planning

• Financial Planning
• Retirement Planning
  Cash or deferred retirement plans, more commonly referred to as 401(k) plans, have become the backbone of the private pension system in America. They long ago replaced employer-sponsored pension plans as the most common vehicle for retirement savings.
• Annuities
  Special care must be taken to ensure one plan document does not blindly replace another plan document. For example, if a prototype plan is used to restate an individually designed plan, there are special issues to consider such as ensuring certain benefits, called "protected benefits," are not accidentally eliminated or reduced. Protected benefits include forms of distributions (such as lump sum and annuities) and timing of distributions (such as early retirement provisions).